Economics (AS & A Level) · Oct / Nov 2022 · Paper 11 · Question 1
9708Resource allocation in different economic systems
An economy is changing from a planned economy to a market economy. Which action would be expected 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
As printed in the paper
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Correct answer: C. the replacement of nationalisation by privatisation
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