AS Paper 1, June 2023Introduction to Markets and Market Failure
AS Paper 1, June 2023, Q3(b)
Which one of the following is a positive economic statement?
Multiple choice1 mark
Context
Disruption in the supply chains of essential goods and shortages of key medical products during the global health crisis have highlighted the links between countries and renewed the debate on the advantages and disadvantages of specialisation.
ADisruption to global supply chains will reduce the level of trade
BSupply chain disruption is the most important issue facing governments
CThe free market leads to the best allocation of resources
DThe government ought to increase healthcare spending