Mixed economic system
2.10What the syllabus asks of you
- Definition of the mixed economic system
- Arguments for and against the mixed economic system: advantages of the mixed economic system
- Arguments for and against the mixed economic system: disadvantages of the mixed economic system
- Government intervention to address market failure: definitions, drawing and interpretation of diagrams, advantages and disadvantages of: maximum and minimum prices in product markets; indirect taxation; subsidies
- Government intervention to address market failure: definitions, advantages and disadvantages of: regulation; privatisation; nationalisation; direct provision of goods and services; quotas, e.g. for the extraction of natural resources
Read the notes first
Chapter 2: Mixed economic system
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Every question on Mixed economic system, untimed, marked as you go.
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Choose the years and how many questions, then print it with the answers on separate pages.
34 questions
1May / June 2026 · Paper 11 · Q9Show mark scheme →
A$20 000
B$80 000
C$360 000
D$440 000
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2May / June 2026 · Paper 12 · Q9Show mark scheme →
Aa decrease in excess demand
Ba decrease in quantity demanded
Can increase in quantity demanded
Dan increase in excess supply
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3Oct / Nov 2025 · Paper 13 · Q8Show mark scheme →
Aprice mechanism: no; private sector: no; public sector: yes
Bprice mechanism: no; private sector: yes; public sector: no
Cprice mechanism: yes; private sector: yes; public sector: no
Dprice mechanism: yes; private sector: yes; public sector: yes
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4Oct / Nov 2025 · Paper 13 · Q9Show mark scheme →
Aa shift in the demand curve
Ba shift in the supply curve
Can excess of demand over supply
Dan excess of supply over demand
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5Oct / Nov 2025 · Paper 13 · Q17Show mark scheme →
Apaying dividends to shareholders
Bpromoting international trade agreements
Cproviding state benefits
Dsubsidising merit goods
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6May / June 2025 · Paper 11 · Q6Show mark scheme →
ADemand would shift to D₁.
BDemand would shift to D₂.
CSupply would shift to S₁.
DSupply would shift to S₂.
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7May / June 2024 · Paper 12 · Q9Show mark scheme →
Aindirect tax
Bmaximum price
Cminimum price
Dsubsidy
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8May / June 2024 · Paper 12 · Q17Show mark scheme →
Aproviding demerit goods
Bproviding merit goods
Cproviding public goods
Dstabilising the economy
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9May / June 2024 · Paper 12 · Q19Show mark scheme →
AHP₁FG
BHP₂EG
COP₂EQ₂
DP₁P₂EF
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10May / June 2023 · Paper 11 · Q10Show mark scheme →
Aa maximum price
Ba minimum price
Ca subsidy
Dregulation
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11May / June 2023 · Paper 12 · Q10Show mark scheme →
Afiscal
Bmonetary
Cregulation
Dsupply-side
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12May / June 2023 · Paper 12 · Q18Show mark scheme →
Ato decrease consumption of a merit good
Bto increase consumption of a merit good
Cto decrease consumption of a demerit good
Dto increase consumption of a demerit good
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13Oct / Nov 2022 · Paper 13 · Q4Show mark scheme →
Ato create greater income equality
Bto extend government control of the economy
Cto increase efficiency of production
Dto take account of external costs
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14May / June 2022 · Paper 12 · Q17Show mark scheme →
ADiagram A
BDiagram B
CDiagram C
DDiagram D
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15Oct / Nov 2021 · Paper 12 · Q12Show mark scheme →
AEGHK
BOEKM
COFJL
DOGHM
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16Oct / Nov 2021 · Paper 13 · Q5Show mark scheme →
AThe government always provides goods more cheaply than private firms.
BThe government considers only private costs and benefits.
CThe government provides goods to prevent the development of monopolies.
DThe government provides public goods because private firms cannot charge for them.
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17May / June 2021 · Paper 12 · Q6Show mark scheme →
Aabsence of a public good
Babuse of monopoly power
Coverconsumption of a demerit good
Dunderconsumption of a merit good
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18Oct / Nov 2020 · Paper 12 · Q17Show mark scheme →
Athe provision of immigration officials at an airport
Bthe provision of security cameras in a shopping centre
Cthe provision of security staff at a bank
Dthe provision of ticket inspectors on a train
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19Oct / Nov 2020 · Paper 12 · Q19Show mark scheme →
Aincreasing a subsidy on cigarettes
Bincreasing income tax
Cincreasing interest rates
Dincreasing the indirect tax on cigarettes
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20Oct / Nov 2020 · Paper 13 · Q17Show mark scheme →
Athe provision of immigration officials at an airport
Bthe provision of security cameras in a shopping centre
Cthe provision of security staff at a bank
Dthe provision of ticket inspectors on a train
Mark scheme
21Oct / Nov 2019 · Paper 12 · Q17Show mark scheme →
Adistributing dividends from profits of state-owned enterprises
Bemploying workers to collect taxes
Cinvesting in transport infrastructure projects
Dproducing goods in public corporations
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22May / June 2019 · Paper 11 · Q4Show mark scheme →
AEconomic activity is controlled entirely by the private sector.
BIndividual choices are unaffected by government actions.
CServices are provided by both private and public sectors.
DThe government carries out all planning and decision making.
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23May / June 2019 · Paper 11 · Q9Show mark scheme →
Atheir distribution of income and wealth
Btheir level of development
Ctheir stages of production
Dtheir type of economic system
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24May / June 2019 · Paper 11 · Q18Show mark scheme →
A$40
B$50
C$100
D$150
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25May / June 2019 · Paper 12 · Q18Show mark scheme →
AU + V
BU + V + W
CU + V + X + Y
DU + X
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26Oct / Nov 2018 · Paper 13 · Q18Show mark scheme →
AOP × OQ
BOP₁ × OQ₁
CWZ × OQ
DWZ × OQ₁
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27Oct / Nov 2017 · Paper 12 · Q4Show mark scheme →
Aall of the services and none of the goods
Bamounts of goods and services equal to those of the private sector
Cno goods and services
Dsome of the goods and services
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28Oct / Nov 2016 · Paper 12 · Q6Show mark scheme →
Aincrease the price of pineapples
Braise the costs of supplying pineapples
Craise revenue for the government
Dcause the supply of pineapples to increase at every price
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29Oct / Nov 2016 · Paper 12 · Q16Show mark scheme →
Aby excluding all competition from foreign companies
Bby imposing a tax on excess profits
Cby introducing a quota system for imports of gas
Dby removing price controls on gas
Mark scheme
30Oct / Nov 2016 · Paper 12 · Q19Show mark scheme →
Aequilibrium price 10, quantity supplied 16
Bequilibrium price 13, quantity supplied 20
Cequilibrium price 15, quantity supplied 16
Dequilibrium price 20, quantity supplied 8
Mark scheme
31Oct / Nov 2016 · Paper 13 · Q6Show mark scheme →
Aincrease the price of pineapples.
Braise the costs of supplying pineapples.
Craise revenue for the government.
Dcause the supply of pineapples to increase at every price.
Mark scheme
32Oct / Nov 2016 · Paper 13 · Q16Show mark scheme →
Aby excluding all competition from foreign companies
Bby imposing a tax on excess profits
Cby introducing a quota system for imports of gas
Dby removing price controls on gas
Mark scheme
33Oct / Nov 2016 · Paper 13 · Q18Show mark scheme →
Aequilibrium price 20, quantity supplied 40
Bequilibrium price 25, quantity supplied 50
Cequilibrium price 35, quantity supplied 30
Dequilibrium price 40, quantity supplied 20
Mark scheme
34May / June 2016 · Paper 12 · Q15Show mark scheme →
ADiagram A
BDiagram B
CDiagram C
DDiagram D
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