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1.2 Resource allocation

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Question 1
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Which of the following best describes a market?

[1]
A

A building in which only final goods can be purchased

B

A government department that decides every selling price

C

An opportunity for buyers and sellers to interact and establish a price

D

Any warehouse where firms keep unsold output

Markscheme

1.2 Resource allocation Questions

  1. GCSE
  2. /Economics
  3. /1.2 Resource allocation

84 exam-style questions on AQA GCSE Economics 1.2 Resource allocation, covering 1.2.1a Markets, 1.2.1b Allocation of resources, 1.2.1c Factor and product markets, 1.2.2a Primary, secondary and tertiary sectors, 1.2.2b Goods and services, 1.2.3a Specialisation and the division of labour, 1.2.3b How and why producers specialise, and 1.2.3c Costs and benefits of the division of labour. Each one has a worked solution and a mark scheme showing where the marks go.

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