Section 2. The allocation of resources for Economics, O Level - revisedeck

2. The allocation of resources

A section of Economics, 2281

Listing 10 of 404 questions

What aspect of demerit goods means they are overproduced?

2281_s20_qp_11

MCQ

2020

Paper 1, Variant 1

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What is a cause of market failure?

2281_s20_qp_12

MCQ

2020

Paper 1, Variant 2

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Which problem will be reduced by a government subsidy to a firm?

2281_s21_qp_12

MCQ

2021

Paper 1, Variant 2

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What is a correct definition of a demerit good?

2281_s24_qp_11

MCQ

2024

Paper 1, Variant 1

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What is an example of market failure?

2281_w13_qp_13

MCQ

2013

Paper 1, Variant 3

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What indicates the existence of external costs in an economy?

2281_w16_qp_12

MCQ

2016

Paper 1, Variant 2

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What suggests that there is market failure?

2281_w19_qp_12

MCQ

2019

Paper 1, Variant 2

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What is a possible consequence of market failure?

2281_w22_qp_13

MCQ

2022

Paper 1, Variant 3

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What is external benefit?

2281_w24_qp_13

MCQ

2024

Paper 1, Variant 3

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Why might a government discourage monopolies?

2281_s07_qp_1

MCQ

2007

Paper 1, Variant 0

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Questions Discovered

404