A household has £160 left after paying its essential bills. It can afford only one of the following:
| Option | Cost | Information about the household |
|---|---|---|
| A year’s swimming-pool membership for four household members | £160 | All four household members have said they would like to use the pool |
| A ten-week photography course for one household member | £160 | One household member has said they would like to attend the course |
Using the table, explain one reason why the household might choose the swimming-pool membership.
Explain one reason why the household might choose the photography course instead.
Explain the opportunity cost to the household if it chooses the swimming-pool membership.
81 exam-style questions on AQA GCSE Economics 1.1 Economic foundations, covering 1.1.1a Needs and wants, 1.1.1b The central purpose of economic activity, 1.1.1c Key economic decisions, 1.1.1d The main economic groups, 1.1.2a The nature of an economic resource, 1.1.2b The four factors of production, 1.1.3a The basic economic problem and making choices, and 1.1.3b Opportunity cost. Each one has a worked solution and a mark scheme showing where the marks go.