Q6 of 2281_s14_qp_11

Question 6

Question 6 of 30

You can solve this MCQ to see its answer, but your attempt won't be logged unless you login

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

1. The basic economic pro...

1.3. Opportunity cost

Decisions made by consumers, workers, producers and governments when allocating their resources.

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.