The role of markets in allocating resources
2.1What the syllabus asks of you
- How markets work: definition of a market
- How markets work: examples of markets
- How markets work: roles of buyers and sellers
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Chapter 2: The role of markets in allocating resources
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Every question on The role of markets in allocating resources, 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.
3 questions
1Oct / Nov 2021 · Paper 13 · Q6Show mark scheme →
Aa central bank reducing interest rates
Ba gas firm reducing its prices
Ca government increasing income tax
Da government increasing the national minimum wage
Mark scheme
2May / June 2021 · Paper 11 · Q5Show mark scheme →
Aa collection of informal retail outlets run by small firms
Ba place where traders gather regularly for short periods
Ca system that enables individuals and firms to buy and sell goods
Dthe existence of consumer demand for a good
Mark scheme
3Oct / Nov 2020 · Paper 13 · Q4Show mark scheme →
Amacroeconomic statement / macroeconomic statement
Bmacroeconomic statement / microeconomic statement
Cmicroeconomic statement / macroeconomic statement
Dmicroeconomic statement / microeconomic statement
Mark scheme