Economics (AS & A Level) · Oct / Nov 2025 · Paper 13 · Question 4
9708Resource allocation in different economic systems
Which change in the way resources are allocated in an economy is consistent with moving from a planned economy to a market economy?
- AA minimum price guarantee for apple producers is removed.
- BA new government authority is established to monitor inefficiencies in apple production.
- CThe production of apples is subsidised to increase output.
- DThe sale of apples has a maximum price imposed.
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Correct answer: A. A minimum price guarantee for apple producers is removed.
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