Q34 of 2281_s10_qp_12

Question 34

Question 34 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

4. Government and the mac...

4.8. Inflation and deflation

The consequences of inflation and deflation for consumers, workers, savers, lenders, firms and the economy as a whole.

2. The allocation of reso...

2.10. Market failure

The implications of misallocation of resources in respect of the over consumption of demerit goods and goods with external costs, and the under consumption of merit goods and goods with external benefits.