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1.1 Economic methodology and the economic problem

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Question 91

The primary purpose of economic activity is the promotion of economic welfare through the production of goods and services to satisfy human needs and wants. Which of the following transactions is most likely to be classified by an economist as an act of final consumption?

A

A property developer purchasing solar panels to install on a new housing estate

B

A tenant paying their monthly electricity bill to heat their rented apartment

C

A delivery company paying for a subscription to a GPS routing service

D

A public hospital purchasing surgical sterilisation equipment

Markscheme

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem

123 exam-style questions on AQA A Level Economics 1.1 Economic methodology and the economic problem, covering 1.1.1 Economic methodology, 1.1.2 The nature and purpose of economic activity, 1.1.3 Economic resources, 1.1.4 Scarcity, choice and the allocation of resources, and 1.1.5 Production possibility diagrams. Each one has a worked solution and a mark scheme showing where the marks go.

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