Mark scheme Q9 microeconomics (unit 1)
This paper 1 style question contains section (a) and part (b) questions. Part A asks candidates to explain the benefits of a free market economy, from the viewpoint of consumers. Responses should highlight benefits which may be received as a result of increased competition in the economy. Responses to part (b) should also include an effective evaluation in terms of the costs and benefits of a government decision to...