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1.1 Economic methodology and the economic problem

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Question 93

Which one of the following is a positive economic statement (free from subjective value judgements)?

A

The government should prioritize reducing unemployment over controlling inflation because high unemployment causes greater social harm.

B

The current distribution of wealth in the economy is inequitable and restricts long-term social mobility.

C

A 10%10\%10% increase in the tariff rate on imported steel will lead to a 4%4\%4% reduction in domestic consumption of steel, holding all other factors constant.

D

Congestion charging in major urban areas is an unfair tax on lower-income drivers who cannot afford to live close to their workplaces.

Markscheme

1.1 Economic methodology and the economic problem Questions

  1. A Level
  2. /Economics
  3. /1.1 Economic methodology and the economic problem

123 exam-style questions on AQA A Level Economics 1.1 Economic methodology and the economic problem, covering 1.1.1 Economic methodology, 1.1.2 The nature and purpose of economic activity, 1.1.3 Economic resources, 1.1.4 Scarcity, choice and the allocation of resources, and 1.1.5 Production possibility diagrams. Each one has a worked solution and a mark scheme showing where the marks go.

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