👑Resource Allocation and Efficiency  Essays

Discuss whether or not a country will benefit from diamond mining.

Discuss whether or not an economy would benefit from allocating more of its resources to agriculture.

(8 marks)

Explain one reason why the quantity of land may increase and one reason why the quality of land may increase.

Discuss whether or not a market economy allocates resources in the best possible way.

Discuss the way in which resources are allocated in planned economies and free market economies. Consider which type of economic system is likely to have the more beneficial outcome. [12]

Explain the different ways in which resources are allocated in a market economy and in a mixed economy [8]

Explain the role of the factor enterprise in allocating resources in a market economy when there is an increase in the demand for a good. Use a diagram to support your answer.

Discuss whether or not a country should devote more of its resources to building and operating new railway lines and stations.

Should a country mine all its diamonds and sell them as quickly as possible?

Explain the advantages of conserving natural resources.

Analyse the impact that a declining population could have on the environment.

Analyse the effect of a decrease in resources on government economic aims.