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IGCSE Economics 0455 March 2023 Paper 2 – Sample Answers and Examiner Commentary – Question 2

Question:

2 Vietnam has a high number of female entrepreneurs. Some of their firms have grown and now
compete with foreign multinational companies (MNCs) and public sector firms. The Vietnamese
government encourages MNCs to locate in Vietnam as a host country. It also intervenes in the
economy to encourage the consumption of merit goods.
(a) Identify two reasons why people become entrepreneurs. [2]
(b) Explain two benefits that an MNC can bring to its host country. [4]
(c) Analyse how a government could encourage the consumption of merit goods. [6]
(d) Discuss whether or not private sector firms are likely to charge lower prices than public sector
firms. [8]

Sample Answers:

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