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1.2 Individual economic decision making (A-level only)

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Question 22

Unlike traditional neo-classical economic models, behavioural economic models assume that:

A

human decision-making is restricted by bounded rationality and cognitive biases.

B

consumers are consistently successful in maximising their individual utility.

C

economic agents possess perfect information about all market alternatives.

D

individuals always act dispassionately and solely in their own self-interest.

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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