Q36 of 2281_s08_qp_1

Question 36

Question 36 of 40

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No letter options?

Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.

A 1, 2 and 3 are correct

B 1 and 2 only are correct

C 2 and 3 only are correct

D 1 only is correct

Topics Tested

6. International trade an...

6.2. Globalisation, free trade and...

The benefits for consumers, producers and the economy in a variety of countries.

2. The allocation of reso...

2.9. Market economic system

Including examples of how it works in a variety of different countries.

2. The allocation of reso...

2.2. The role of markets in allocat...

Establishing that the economic problem creates three key questions about determining resource allocation – what to produce, how, and for whom.