Each week, a student buys plain rice to cook at home and one takeaway meal. The takeaway costs more than the week's rice. The student's weekly budget then falls, so the student must spend less on food.
What is the student most likely to do?
Stop buying the plain rice, because the takeaway costs more and so is more essential
Stop buying the plain rice, because the takeaway alone still meets the need to eat
Cut both by the same amount, because both are food and so both are needs
Stop buying the takeaway, because it is a want while the plain rice meets a need
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.