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1.2 Individual economic decision making (A-level only)

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Question 16

The primary economic objective of a rational consumer when deciding how to allocate their limited income in a market economy is most likely to be the

A

minimisation of their overall tax liability.

B

maximisation of their total utility.

C

equalisation of their spending across different categories of goods.

D

maximisation of the profits of private suppliers.

Markscheme

1.2 Individual economic decision making (A-level only) Questions

  1. A Level
  2. /Economics
  3. /1.2 Individual economic decision making (A-level only)

45 exam-style questions on AQA A Level Economics 1.2 Individual economic decision making (A-level only), covering 1.2.1 Consumer behaviour, 1.2.2 Imperfect information, 1.2.3 Aspects of behavioural economic theory, and 1.2.4 Behavioural economics and economic policy. Each one has a worked solution and a mark scheme showing where the marks go.

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