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1.1 Economic foundations

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Question 58
90%

A school has a fixed budget but teachers request more computers, books and laboratory equipment than it can afford. Why must the school make choices?

[1]
A

All educational wants can be satisfied without using resources

B

Its resources are limited while the uses requested for them are greater

C

Only private businesses face the basic economic problem

D

The school has unlimited resources but limited wants

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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