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1.1.2 Positive and normative economic statements

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Question 7

Statement 1: Following the increase in university tuition fees in England in 2012, the number of applications from lower-income households continued to rise.

Statement 2: Many young people chose to study local degree courses to avoid paying high accommodation costs.

Which one of the following best describes the two statements above?

Statement 1: Normative; Statement 2: Normative

Statement 1: Normative; Statement 2: Positive

Statement 1: Positive; Statement 2: Normative

Statement 1: Positive; Statement 2: Positive

1.1.2 Positive and normative economic statements Questions

  1. A Level
  2. /Economics
  3. /1.1.2 Positive and normative economic statements