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The allocation of resources: OCR A‑Level Economics questions

Every OCR A-Level Economics exam question on 1.2 The allocation of resources, 2021–2025, with its mark scheme and examiner’s report.

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478 questions

  1. Q4

    June 2025 · Paper 1

    25 marks1.2 The allocation of resources
    The whole paper ↗
    June 2025 Paper 1, question 4: 4* Supporters of the free market have long argued that supply and demand lead to the most effective allocation of society’s scarce resources. However, those in

  2. Q1

    June 2025 · Paper 3

    1 mark1.2 The allocation of resources4.2 Monopoly
    The whole paper ↗
    June 2025 Paper 3, question 1: Which point on the diagram represents productive efficiency for the firm? Costs / revenues MC AC AR O Q1 Q2Q3Q4 Quantity MR A Q1 B Q2 C Q3 D Q4 [1]
    Your answer

  3. Q10

    June 2025 · AS Paper 1

    1 mark1.2 The allocation of resources
    The whole paper ↗
    June 2025 AS Paper 1, question 10: What will be an incentive for consumers to reduce consumption of orange juice? Increase in the price of: A apple juice B apples C orange juice D oranges [1]
    Your answer

  4. Q11

    June 2025 · AS Paper 1

    1 mark1.2 The allocation of resources
    The whole paper ↗
    June 2025 AS Paper 1, question 11: What is one of the features of a planned economy? A Capitalism B Government intervention C Invisible hand D Market clearing price [1]
    Your answer

  5. Q14

    June 2025 · AS Paper 1

    1 mark1.2 The allocation of resources
    The whole paper ↗
    June 2025 AS Paper 1, question 14: Productive efficiency is when a firm is: A maximising the total costs of production B maximising its profits and revenue C producing goods and services that mat
    Your answer

  6. Q11

    June 2024 · AS Paper 1

    1 mark1.2 The allocation of resources
    The whole paper ↗
    June 2024 AS Paper 1, question 11: Which of these is not a type of economic system? A Market economy B Mixed economy C National economy D Planned economy [1]
    Your answer

  7. Q17

    June 2024 · AS Paper 1

    20 marks1.2 The allocation of resources
    The whole paper ↗
    June 2024 AS Paper 1, question 17: 17* Evaluate, using an appropriate diagram(s), the effectiveness of incentives in ensuring efficient resource allocation in an economy. [20] OR

  8. Q29

    June 2023 · Paper 3

    1 mark1.2 The allocation of resources
    The whole paper ↗
    June 2023 Paper 3, question 29: Which of these is only seen in a planned economy? A Government ownership and allocation of all resources B Inequality in the distribution of income and wealth C
    Your answer

  9. Q18

    June 2023 · AS Paper 1

    20 marks1.2 The allocation of resources
    The whole paper ↗
    June 2023 AS Paper 1, question 18: 18* For decades China used a planned economy to allocate resources before transitioning to an economy which incorporates some functions of a market economy. Eva

  10. Q5

    June 2022 · Paper 1

    25 marks1.2 The allocation of resources
    The whole paper ↗
    June 2022 Paper 1, question 5: 5* Supporters of a centrally planned economic system believe a central government can achieve social and national objectives more efficiently than a market econ

  11. Q10

    June 2022 · AS Paper 1

    1 mark1.2 The allocation of resources
    The whole paper ↗
    June 2022 AS Paper 1, question 10: When is productive efficiency achieved? A Account is taken of all external costs and benefits as well as the internal costs and benefits B Goods and services ar
    Your answer

  12. Q16(d)(i)

    June 2022 · AS Paper 1

    1 mark1.2 The allocation of resources
    The whole paper ↗
    June 2022 AS Paper 1, question 16(d)(i): What type of economic system is likely to have the most government intervention? [1]

  13. Q4

    November 2021 · Paper 1

    25 marks1.2 The allocation of resources
    The whole paper ↗
    November 2021 Paper 1, question 4: 4* China is the world’s second largest economy, has the fastest growing consumer market and is the second largest importer of goods – all from a centrally plann
All 13 questions on The allocation of resources, as a list
  1. June 2025, Paper 1, Q4 (25 marks): 4* Supporters of the free market have long argued that supply and demand lead to the most effective allocation of society’s scarce resources. However, those in
  2. June 2025, Paper 3, Q1 (1 mark): Which point on the diagram represents productive efficiency for the firm? Costs / revenues MC AC AR O Q1 Q2Q3Q4 Quantity MR A Q1 B Q2 C Q3 D Q4 [1]
  3. June 2025, AS Paper 1, Q10 (1 mark): What will be an incentive for consumers to reduce consumption of orange juice? Increase in the price of: A apple juice B apples C orange juice D oranges [1]
  4. June 2025, AS Paper 1, Q11 (1 mark): What is one of the features of a planned economy? A Capitalism B Government intervention C Invisible hand D Market clearing price [1]
  5. June 2025, AS Paper 1, Q14 (1 mark): Productive efficiency is when a firm is: A maximising the total costs of production B maximising its profits and revenue C producing goods and services that mat
  6. June 2024, AS Paper 1, Q11 (1 mark): Which of these is not a type of economic system? A Market economy B Mixed economy C National economy D Planned economy [1]
  7. June 2024, AS Paper 1, Q17 (20 marks): 17* Evaluate, using an appropriate diagram(s), the effectiveness of incentives in ensuring efficient resource allocation in an economy. [20] OR
  8. June 2023, Paper 3, Q29 (1 mark): Which of these is only seen in a planned economy? A Government ownership and allocation of all resources B Inequality in the distribution of income and wealth C
  9. June 2023, AS Paper 1, Q18 (20 marks): 18* For decades China used a planned economy to allocate resources before transitioning to an economy which incorporates some functions of a market economy. Eva
  10. June 2022, Paper 1, Q5 (25 marks): 5* Supporters of a centrally planned economic system believe a central government can achieve social and national objectives more efficiently than a market econ
  11. June 2022, AS Paper 1, Q10 (1 mark): When is productive efficiency achieved? A Account is taken of all external costs and benefits as well as the internal costs and benefits B Goods and services ar
  12. June 2022, AS Paper 1, Q16(d)(i) (1 mark): What type of economic system is likely to have the most government intervention? [1]
  13. November 2021, Paper 1, Q4 (25 marks): 4* China is the world’s second largest economy, has the fastest growing consumer market and is the second largest importer of goods – all from a centrally plann

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