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Economics · Oct / Nov 2022 · Paper 12 · Question 4

2281Market economic system

What is a disadvantage of a market economy?

  1. AConsumer choice is ignored.
  2. BConsumers may lack information.
  3. CGovernment subsidies encourage efficiency.
  4. DThere is no incentive to work.

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Correct answer: B. Consumers may lack information.

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