Subsection 2.9. Market economic system for Economics, O Level - revisedeck

2.9. Market economic system

A subsection of Economics, 2281, through 2. The allocation of resources

Listing 10 of 23 questions

What is the function of a stock exchange?

2281_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?

2281_s08_qp_1

MCQ

2008

Paper 1, Variant 0

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An Italian-owned tour operator needs its staff in Rome to be able to speak a number of languages so it employs people from different countries. It also uses other firms in different countries to provide tour guides and coach drivers. It is part of an organisation that has shares issued on the stock exchange. Which type of company is this?

2281_s08_qp_1

MCQ

2008

Paper 1, Variant 0

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

2281_s09_qp_1

MCQ

2009

Paper 1, Variant 0

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What is an advantage of the market economic system?

2281_s11_qp_11

MCQ

2011

Paper 1, Variant 1

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What is an advantage of the market economic system?

2281_s11_qp_12

MCQ

2011

Paper 1, Variant 2

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

2281_s15_qp_12

MCQ

2015

Paper 1, Variant 2

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

2281_s16_qp_12

MCQ

2016

Paper 1, Variant 2

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What is an advantage of a country having a market economic system with a large private sector?

2281_s22_qp_11

MCQ

2022

Paper 1, Variant 1

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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?

2281_s22_qp_12

MCQ

2022

Paper 1, Variant 2

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Questions Discovered

23