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1.1 Economic foundations

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Question 49
90%

A council has decided to build new homes and is now choosing whether they should be allocated to young families or older residents. Which key economic decision is it making?

[1]
A

For whom the homes should be produced

B

How the homes should be produced

C

What type of output should be produced

D

Whether all wants can be satisfied

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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