Question 12
Question 12 of 30
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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
3. Microeconomic decision...
3.5. Firms

In terms of primary/secondary/tertiary sectors and private/public sector, and the relative size of firms.

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...
2.11. Mixed economic system

The implications of other government microeconomic policy measures: regulation; privatisation and nationalisation; and direct provision of goods.