A-level Paper 1, June 2019Markets and Business Behaviour
A-level Paper 1, June 2019, Q5(b)
Which one of the following statements is true?
Multiple choice1 mark
Context
Free market economics is being challenged. The arguments for and against are being increasingly discussed within many countries.
AFriedrich Hayek believed that the government should subsidise inefficient firms
BFriedrich Hayek was a key advocate of command economies as a way of allocating resources
CKarl Marx advocated allocating resources via the free market
DKarl Marx criticised the private ownership of factors of production
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