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

Resource allocation in different economic systems — practice question

What is likely to happen when an economy changes from state planning to a market system?

  • AConsumer choice is reduced.
  • BEnterprise is discouraged.
  • CThe amount of innovation declines.
  • DThe output of merit goods is reduced.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI