1.2 Individual economic decision making (A-level only)

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

minimisation of their overall tax liability.

maximisation of their total utility.

equalisation of their spending across different categories of goods.

maximisation of the profits of private suppliers.

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

minimisation of their overall tax liability.

maximisation of their total utility.

equalisation of their spending across different categories of goods.

maximisation of the profits of private suppliers.

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