The diagram shows a market for rice that is in equilibrium. price quantity O V W T X S D Z Y Which area represents the total revenue for rice farmers?

0455_m17_qp_12

MCQ

2017

Paper 1, Variant 2

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In a market system who has the most important role in influencing the allocation of resources?

0455_m18_qp_12

MCQ

2018

Paper 1, Variant 2

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What necessarily describes the market system?

0455_m20_qp_12

MCQ

2020

Paper 1, Variant 2

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Two countries wish to use their scarce resources to specialise in production and trade with each other. Under which conditions is this most likely to happen?

0455_m24_qp_12

MCQ

2024

Paper 1, Variant 2

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In a market economy, who determines the allocation of resources?

0455_s07_qp_1

MCQ

2007

Paper 1, Variant 0

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The diagram shows a market for wheat that is in equilibrium. price quantity O V W T X S D Z Y Which area represents the total revenue for wheat farmers?

0455_s10_qp_11

MCQ

2010

Paper 1, Variant 1

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The diagram shows a market for wheat that is in equilibrium. price quantity O V W T X S D Z Y Which area represents the total revenue for wheat farmers?

0455_s10_qp_12

MCQ

2010

Paper 1, Variant 2

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What is the cause of economic scarcity?

0455_s14_qp_12

MCQ

2014

Paper 1, Variant 2

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What would not be an example of the working of a market system?

0455_s15_qp_12

MCQ

2015

Paper 1, Variant 2

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What is the function of the price mechanism in a market economy?

0455_s20_qp_13

MCQ

2020

Paper 1, Variant 3

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