Market economic system: past paper questions
Real questions on market economic system
The newest 11 of 11 written questions. Open one to see it on the real paper.
- 2281/21 · May/June 2026 · Q2d[8]
Discuss whether or not a government should protect all of the country’s industries.
See it on the paper → - 2281/23 · October/November 2023 · Q3a[2]
Identify two types of economic system.
See it on the paper → - 2281/22 · May/June 2023 · Q2d[8]
Discuss whether or not a market economy allocates resources in the best possible way.
See it on the paper → - 2281/22 · October/November 2022 · Q4b[4]
Explain why public goods would not be supplied in a market economic system.
See it on the paper → - 2281/21 · May/June 2022 · Q5d[8]
Discuss whether or not a market economic system benefits an economy.
See it on the paper → - 2281/22 · October/November 2020 · Q2a[2]
Define trade in goods balance.
See it on the paper → - 2281/22 · October/November 2020 · Q3a[2]
Define demerit good.
See it on the paper → - 2281/23 · October/November 2020 · Q1g[6]
Discuss whether or not the supply of enterprise is likely to increase in the Philippines.
See it on the paper → - 2281/23 · October/November 2020 · Q1h[6]
Discuss whether or not building more roads in Manila will benefit the Philippine economy. Section B Answer any three questions. Each question is introduced by stimulus material. In your answer you may refer to this material and/or to other examples that you have studied.
See it on the paper → - 2281/23 · October/November 2020 · Q4b[4]
Explain two benefits consumers may gain from a market economic system.
See it on the paper → - 2281/21 · May/June 2019 · Q7d[8]
Discuss whether or not a government should protect its country’s industries from foreign competition.
See it on the paper →
What examiners said
Mixed and market economic systems should be understood by most candidates. Planned or command economies was an acceptable alternative. A few responses included incorrect terms such as free market or controlled market systems. A very small number of candidates referred to microeconomics and macroeconomics which are terms that relate to studying part or all of the economy.
— Examiner report, October/November 2023, 2281/23 Q3(a) (Cambridge)
A few candidates confused a market economy with a mixed economy or a planned economy. Most candidates did write about a market economy but there was a wide spread of performance. Some candidates just stated points, some provided answers that were limited or reasonable on both sides. Others produced answers that were strong on one side and, at least, limited on the other side. An example of a Level...
— Examiner report, May/June 2023, 2281/22 Q2(d) (Cambridge)
Those candidates who understand public goods did well on this question. However, a number confused public goods and merit goods and others confused public goods with free goods and basic necessities. Most answers did, however, show an awareness that public goods would not generate profits.
— Examiner report, October/November 2022, 2281/22 Q4(b) (Cambridge)
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