A factory opens beside a village, creating jobs and cheaper local products but also more traffic. Which option best identifies a likely benefit and cost for different economic groups?
Consumers must pay higher prices while the producer must close
Government receives no tax while every resident gains cleaner air
The producer loses all revenue while workers gain more leisure
Workers may gain employment while nearby households may experience congestion
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.