Subsection 2.2. The role of markets in allocating resources for Economics, IGCSE - revisedeck

Consider supporting us on Patreon. Help us keep revisedeck free.

2.2. The role of markets in allocating resources

A subsection of Economics, 0455, through 2. The allocation of resources

Listing 10 of 73 questions

Which resource is an example of capital used in the fishing industry?

0455_w14_qp_13

MCQ

2014

Paper 1, Variant 3

View

Why is choice an important part of the basic economic problem?

0455_w15_qp_11

MCQ

2015

Paper 1, Variant 1

View

The government of a prosperous country announced that it would offer free food to its citizens for a year. What would be the effect of this measure?

0455_w15_qp_12

MCQ

2015

Paper 1, Variant 2

View

An oil company announced in 2015 that it was starting its drilling operations for oil deposits in the Arctic Ocean. What will be the effect of this?

0455_w17_qp_11

MCQ

2017

Paper 1, Variant 1

View

Which international market is closest to the model of perfect competition?

0455_w18_qp_11

MCQ

2018

Paper 1, Variant 1

View

In the diagram, which level of subsidy per kilo would a government have to give to producers to encourage them to increase production from 20 kilos per week to 30 kilos per week?

0455_w18_qp_11

MCQ

2018

Paper 1, Variant 1

View

What do economies aim to achieve in tackling the economic problem of scarcity?

0455_w18_qp_12

MCQ

2018

Paper 1, Variant 2

View

Who determines what goods and services are produced in a market economy?

0455_w18_qp_13

MCQ

2018

Paper 1, Variant 3

View

In a city, what is most unlikely to be provided by the private market system?

0455_w19_qp_11

MCQ

2019

Paper 1, Variant 1

View

What is a function of the price mechanism?

0455_w20_qp_11

MCQ

2020

Paper 1, Variant 1

View

Questions Discovered

73