O-LevelEconomicsThe allocation of resources2281/11 · May/June 2012 · Q41 Mark

What is found in a mixed economy but not a free market economy?

Abanks

Bdivision of labour

Cprice controls

Dprofit motive

✓ Correct answer

C: price controls

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2012 Paper 1 Variant 1, question 4.

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