(a)[8]
Explain, using examples, why merit goods are classified as private goods rather than public goods.
(b)[12]
Discuss the advantages of a mixed economy and whether it is always preferable to a planned economy.
Economics 9708 · AS & A Level · Resource allocation in different economic systems
Resource allocation in different economic systems — practice question
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Knowledge and understanding of private goods (economic goods consumed by an individual, rivalry in consumption, excludability).” …
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