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Edexcel IGCSE Economics 1.1.2 A Consumer Benefit and Business Profit Assumptions Questions

Practise assumption questions by identifying consumer or producer aims and defining producers as suppliers of goods or services.

Syllabus
First assessment 2019
Course
Economics 4EC1

Exam points

  • Identify whether a scenario shows consumers maximising benefits or firms maximising profit.
  • Define a producer as an agent that makes or supplies goods and services.

Edexcel IGCSE Economics 1.1.2 A Consumer Benefit and Business Profit Assumptions Questions question 1

[Maximum number: 1]

Which one of the following describes this economic assumption?

A

Businesses aim to maximise their profit

B

Producers may complete charitable work

C

Consumers sometimes copy others' behaviour

D

Governments try to increase the number of days worked

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