What this practice covers
These questions are drawn from past AQA A-Level papers and filtered to individual economic decision making. You answer, you find out immediately whether you were right, and you get the reasoning for the correct option and for each distractor. Wrong answers go to a mistakes locker so you can come back to exactly those.
Practice is free. You need an account only so your progress and your mistakes are still there next time.
Start practising Paper 3 MCQs →
What examiners see students get wrong here
These are the errors that cost marks on individual economic decision making, taken from our own topic notes. Read them before you practise and you will recognise the traps in the questions.
- Saying rationality means people are "always right", it means consistent, utility-maximising choice given their information.
- Confusing imperfect information (nobody knows) with asymmetric information (one side knows more).
- Listing behavioural biases without connecting them to a policy or a market outcome.
- Treating nudges as costless and always effective; they have limits and raise paternalism objections.
- Forgetting diminishing marginal utility as the explanation for the downward-sloping demand curve.
- Saying choice architecture is optional; it is unavoidable, which is a strong evaluation point.
Revise it first
If any of the above is unfamiliar, work through the notes before practising: Individual Economic Decision Making revision notes.