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Economics (AS & A Level) · Oct / Nov 2025 · Paper 12 · Question 3

9708Resource allocation in different economic systems

What is not a characteristic of a planned economy?

  1. AConsumers have limited influence on what is produced.
  2. BProfit is the motive for increasing output.
  3. CResources are owned by the government.
  4. DThere is limited competition in the market.

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Correct answer: B. Profit is the motive for increasing output.

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