Economics 9708 · AS & A Level · Resource allocation in different economic systems

Resource allocation in different economic systems — practice question

Which shift in how resources are allocated within an economy matches a move from a planned economy to a market economy?

  • AA minimum price guarantee for apple producers is removed.
  • BA new government authority is established to monitor inefficiencies in apple production.
  • CThe production of apples is subsidised to increase output.
  • DThe sale of apples has a maximum price imposed.

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