Cambridge International (CAIE) · 1 Basic economic ideas and resource allocation (AS) · 1.4 Resource allocation in different economic systems

Cambridge International (CAIE) Economics past paper questions: Resource allocation in different economic systems

Every Cambridge International (CAIE) question on Resource allocation in different economic systems from 2023 to 2025: 4 essays and 6 multiple choice questions. It covers 1.6 Classification of goods and services. Each question links to its paper, mark scheme and examiner report.

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Subtopics1.6 Classification of goods and services 1

Essay questions on resource allocation in different economic systems

AS Paper 2, March 2025, Q2(b)OptionalAssess12 marks

Assess whether the allocation of resources in a market economy is always beneficial.

Question paper p.4 Mark scheme p.13 Examiner report p.4 Open in the tool

AS Paper 2, November 2024, Q3(b)OptionalAssess12 marks

Assess whether a market economy is always the best economic system to effectively answer the three basic questions of resource allocation.

Question paper p.4 Mark scheme p.17 Open in the tool

AS Paper 2, November 2023, Q3(b)OptionalAssess12 marks

The provision of merit and demerit goods differs from the provision of other private goods. Assess the view that the consequences of imperfect information are more serious in a market economy than in a mixed economy.

Question paper p.4 Mark scheme p.15 Examiner report p.12 Open in the tool

AS Paper 2, March 2023, Q2(b)OptionalAssess12 marks

Assess whether all market economies should become mixed economies.

Question paper p.4 Mark scheme p.12 Examiner report p.4 Open in the tool

Multiple choice questions

AS Paper 1, November 2025, Q3
What is not a characteristic of a planned economy?
AS Paper 1, March 2025, Q1
Which statement about a market economy is not correct?
AS Paper 1, June 2024, Q2
What is produced in a mixed economy but not in a free market economy?
AS Paper 1, November 2023, Q4
Eastern European nations have changed from planned to market economies. Which policy was least likely to have been adopted?
AS Paper 1, June 2023, Q3
What is not a characteristic of a mixed economy?
AS Paper 1, March 2023, Q7
In which case is the price system not a possible method of allocating resources?

Question text is quoted from the question papers, © Cambridge University Press & Assessment (UCLES), for students’ private study. Open the official papers and mark schemes from the links on each question. Examiner insights are written with AI assistance and moderated by Finn.

Essay questions on resource allocation in different economic systems

Multiple choice questions

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