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1.1 Nature of economics

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Question 4
90%

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%.

1.1 Nature of economics Questions

  1. A Level
  2. /Economics
  3. /1.1 Nature of economics