Twenty years ago, few households wanted high-speed internet. It is now widely wanted for entertainment and communication. Which statement does this best illustrate?
A want automatically becomes a need when many people have it
Needs disappear whenever new products are invented
The basic economic problem has been solved by technology
Wants can alter as technology and society change
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.