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1.1 Economic foundations

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Question 29

A council can fund one waste-reduction scheme. It will select a scheme only if:

  • the total estimated community benefit over four years exceeds the one-off cost by at least £1 million
  • the scheme can begin operating within 10 weeks.
SchemeEstimated community benefit each yearOne-off costTime before operation
A£0.90 million£2.40 million12 weeks
B£0.75 million£2.00 million8 weeks
C£0.65 million£1.80 million6 weeks
D£0.80 million£2.30 million9 weeks

The council should select:

[1]
A

Scheme D

B

Scheme A

C

Scheme B

D

Scheme C

Markscheme

1.1 Economic foundations Questions

  1. GCSE
  2. /Economics
  3. /1.1 Economic foundations

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.

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