Question 3(a)
[Maximum number: 1]
Which one of the following is likely to lead to an inefficient allocation of resources?
A
Migration
B
Competition
C
Lack of information
D
Division of labour
Edexcel IGCSE Economics 1.1.5.e market failure and inefficient allocation
Practise market-failure concept questions by spotting why resources are inefficiently allocated in a short MCQ context quickly.
How this is tested
- Select the market failure factor most likely to cause inefficient resource allocation.