Which one of the following is a positive economic statement?
An increase in tariffs on imported steel will raise the domestic price of steel.
Governments should prioritise protecting domestic manufacturing jobs over encouraging free trade.
It is unfair for low-income countries to face high agricultural trade barriers from developed nations.
The best way to improve national welfare is to achieve complete economic self-sufficiency.
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.