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1.1 Economic foundations

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Question 34

The owner of a mobile bicycle-repair service organises the business and bears the risk that it may fail.

Which reward does the owner earn for taking on this risk?

[1]
A

Rent

B

Wages

C

Interest

D

Profit

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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