A worker is considering a better-paid job that requires a longer and more expensive commute. Which approach best reflects economic decision-making?
Accept the job because a higher wage is the only relevant benefit
Compare the extra income and career benefits with the extra travel cost and time
Ignore travel time because it has no money price
Reject the job because every cost must outweigh every benefit
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.