Economics 9708/32 — May/June 2019
Cambridge A-Level · A Level Multiple Choice · answer key with instant marking and worked solutions
30
questions
30
marks
75
minutes
Topics Short-Run and Long-Run Production · Externalities, Social Costs and Benefits · Indifference Curves and Budget Lines · Costs of Production · Market Structures · Government Policies to Correct Market Failure · +12 more
Tap an option under each question to check it — your score builds as you go.
Q11MEfficiency and Market FailureFree sample
Which statement is correct?
Options
A In a command economy firms compete and profit maximise allocating resources efficiently.
B In a command economy resources are privately owned.
C In a market economy prices are used to signal the value of individual resources.
D In a market economy resources are allocated by central planners.
The rest of this paper
29 more questions- Q2Externalities, Social Costs and Benefits1M
- Q3Externalities, Social Costs and Benefits1M
- Q4Utility Theory1M
- Q5Indifference Curves and Budget Lines1M
- Q6Indifference Curves and Budget Lines1M
- Q7Costs of Production1M
- Q8Short-Run and Long-Run Production1M
- Q9Market Structures1M
- Q10Costs of Production1M
- Q11Market Structures1M
- Q12Performance of Firms in Different Market Structures1M
- Q13Equity, Poverty and Redistribution1M
- Q14Government Policies to Correct Market Failure1M
- Q15Government Policies to Correct Market Failure1M
- Q16Short-Run and Long-Run Production1M
- Q17Short-Run and Long-Run Production1M
- Q18Short-Run and Long-Run Production1M
- Q19Economic Development and Living Standards1M
- Q20Economic Development and Living Standards1M
- Q21Economic Growth and Sustainability1M
- Q22Components of Aggregate Demand1M
- Q23Employment and Unemployment1M
- Q24The Multiplier and National Income Determination1M
- Q25The Multiplier and National Income Determination1M
- Q26Money and Banking1M
- Q27Components of Aggregate Demand1M
- Q28Money and Banking1M
- Q29Macroeconomic Objectives and Policy Conflicts1M
- Q30Effectiveness of Macroeconomic Policies1M
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