Which one of the following is a positive economic statement?
The government should increase the top rate of income tax to 50%50\%50% to ensure a fairer distribution of household income.
A high rate of inflation is a more serious economic problem than a high level of unemployment.
A 5%5\%5% increase in the duty on diesel fuel will lead to a reduction in the quantity demanded of diesel.
It is unacceptable that the poorest 10%10\%10% of households spend a larger proportion of their income on energy than the richest 10%10\%10%.
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.