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

Resource allocation in different economic systems — practice question

An economy is moving from a planned economy to a market economy. Which action would you expect to occur during this change?

  • Athe replacement of fiscal policy by monetary policy
  • Bthe replacement of multinational companies by national companies
  • Cthe replacement of nationalisation by privatisation
  • Dthe replacement of private property rights by common ownership

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