Which of the following is most likely to be a consequence of allocating resources via a command economy rather than a free market economy?
An underprovision of public goods due to the free-rider problem
A misallocation of resources resulting in chronic shortages and surpluses of consumer goods
A high concentration of wealth and income inequality driven by the profit motive
Frequent periods of cyclical unemployment caused by deficient aggregate demand
22 exam-style questions on Edexcel A A Level Economics 1.1.6 Free market economies, mixed economy and command economy. Each one has a worked solution and a mark scheme showing where the marks go.