Subsection 2.9. Market economic system for Economics, IGCSE - revisedeck

2.9. Market economic system

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

Listing 10 of 22 questions

What is the function of a stock exchange?

0455_s07_qp_1

MCQ

2007

Paper 1, Variant 0

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What can happen in a planned economy that does not happen in a market economy?

0455_s08_qp_1

MCQ

2008

Paper 1, Variant 0

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Which argument can be used in favour of the market economy?

0455_s09_qp_1

MCQ

2009

Paper 1, Variant 0

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What is an advantage of the market economic system?

0455_s11_qp_11

MCQ

2011

Paper 1, Variant 1

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What is an advantage of the market economic system?

0455_s11_qp_12

MCQ

2011

Paper 1, Variant 2

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What is an advantage of the market economic system?

0455_s11_qp_13

MCQ

2011

Paper 1, Variant 3

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Which pair of economic institutions is most likely found in a market economy?

0455_s16_qp_12

MCQ

2016

Paper 1, Variant 2

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What is an essential feature of a market economy?

0455_s21_qp_13

MCQ

2021

Paper 1, Variant 3

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In recent years, a government has started to make more use of the free market system. However, they are doing it very slowly to avoid the disadvantages that a free market system might bring. What is a possible disadvantage of the free market system?

0455_s22_qp_12

MCQ

2022

Paper 1, Variant 2

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An economy operates entirely as a market system. Which type of service would not be provided in such an economy?

0455_w18_qp_11

MCQ

2018

Paper 1, Variant 1

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Questions Discovered

22