Consider the following two statements regarding urban transport policy:
Statement 1: To reduce traffic congestion in the metropolitan area, the local authority should increase the daily congestion charge from £15 \pounds 15\,£15 to £18\pounds 18£18.
Statement 2: An increase in the congestion charge to £18 \pounds 18\,£18 will reduce daily private vehicle entries by 12% over the next twelve months.
Which one of the following best describes these two statements?
Statement 1: Positive; Statement 2: Positive
Statement 1: Positive; Statement 2: Normative
Statement 1: Normative; Statement 2: Positive
Statement 1: Normative; Statement 2: Normative
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.