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

Resource allocation in different economic systems — practice question

A country is changing from a planned economy to a market economy. In the past, the government supplied transport services, but it has now sold them to private firms. What result will this have?

  • AGovernment ownership of resources has increased.
  • BServices provided by the public sector have increased.
  • CThere has been an increase in central planning.
  • DThere has been an increase in consumer sovereignty.

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