Consider the following two statements about environmental policy:
Statement 1: To achieve net-zero targets, the government ought to subsidise domestic heat pump installations by 50%. Statement 2: A 50% subsidy on heat pumps will increase domestic electricity consumption by an estimated 12% over five years.
Which one of the following best describes the two statements above?
Statement 1: Positive, Statement 2: Normative
Statement 1: Normative, Statement 2: Positive
Statement 1: Normative, Statement 2: Normative
Statement 1: Positive, Statement 2: Positive
85 exam-style questions on Edexcel A A Level Economics 1.1 Nature of economics, covering 1.1.1 Economics as a social science, 1.1.2 Positive and normative economic statements, 1.1.3 The economic problem, 1.1.4 Production possibility frontiers, 1.1.5 Specialisation and the division of labour, and 1.1.6 Free market economies, mixed economy and command economy. Each one has a worked solution and a mark scheme showing where the marks go.