O-LevelEconomicsThe allocation of resources2281/11 · Oct/Nov 2011 · Q61 Mark

What is always a feature of a mixed economy?

AAll capital goods are produced in the public sector.

BResources are used in the public sector and the private sector.

CThe allocation of all resources is determined by the price mechanism.

DThe public sector is larger than the private sector.

✓ Correct answer

B: Resources are used in the public sector and the private sector.

Oracle Prep sorts past-paper questions by topic, so you can drill The allocation of resources and see which topics are most likely to come up next.

Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2011 Paper 1 Variant 1, question 6.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content