Skip to content

Course home

Sign up

1.1 Economic methodology and the economic problem

EasyMediumHard
1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798
Question 26

"Implementing a national maximum wage for corporate executives leads to a reduction in labor productivity." This statement

A

is an example of a normative statement.

B

is a positive statement that can be tested using data.

C

shows that executive pay caps are unfair to high earners.

D

shows that the labor market is currently failing to allocate resources efficiently.

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.

Question bank