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Economics (AS & A Level) · May / June 2023 · Paper 12 · Question 3

9708Resource allocation in different economic systems

What is not a characteristic of a mixed economy?

  1. AThe government has no role in setting prices.
  2. BThe government manages taxation rights.
  3. CThe government prevents firms from earning excessive profits.
  4. DThe government provides services not provided by the private sector.

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Correct answer: A. The government has no role in setting prices.

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