Pearson Edexcel IGCSE · Economics

The mixed economy: Practice Questions

4 multiple-choice questions marked as you go, and 3 written questions with worked solutions. All on The mixed economy.

7 questions15 marksFree, no account

Question 1

1 mark

In a mixed economy, how are resources primarily allocated?

Question 2

1 mark

In a mixed economy, the public sector is primarily distinguished from the private sector by its aim to:

Question 3

1 mark

A public good is characterised by being non-rivalrous. This means that:

Question 4

1 mark

In a mixed economy, what is the primary difference in the aims of the public sector compared to the private sector?

Question 5

2 marks

Identify and define the economic sector that is responsible for providing services like education and healthcare through government funding in a mixed economy.

Write your answer out first, then check it against the worked solution.

Question 6

4 marks

In many countries, the healthcare system is a significant component of a mixed economy. These systems often involve both public and private providers.

(a) Define the term mixed economy.
(b) Identify two differences between the public sector and the private sector in terms of their aims and ownership.
(c) State one reason why a government might choose to provide healthcare services through the public sector rather than leaving it entirely to the free market.

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Question 7

5 marks

In a mixed economy, resources are allocated by both the public and private sectors.
(a) Define the term public sector.
(b) Explain how the problem of what to produce is solved differently in the private sector compared to the public sector within a mixed economy.

Write your answer out first, then check it against the worked solution.

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