Skip to content
MathsGenie logo
Open app

Course home

  1. A Level
  3. Economics AQA
  5. Question bank

1.1 Economic methodology and the economic problem

EasyMediumHard
1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283
Question 47

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

is an example of a normative statement.

is a positive statement that can be tested using data.

shows that executive pay caps are unfair to high earners.

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

1.1 Economic methodology and the economic problem Questions

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