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1.1.2 Positive and normative economic statements

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Question 8
95%

Consider the following two statements about environmental policy:

Statement 1: To achieve net-zero targets, the government ought to subsidise domestic heat pump installations by 50%. Statement 2: A 50% subsidy on heat pumps will increase domestic electricity consumption by an estimated 12% over five years.

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

A

Statement 1: Positive, Statement 2: Normative

B

Statement 1: Normative, Statement 2: Positive

C

Statement 1: Normative, Statement 2: Normative

D

Statement 1: Positive, Statement 2: Positive

Markscheme

1.1.2 Positive and normative economic statements Questions

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

26 exam-style questions on Edexcel A A Level Economics 1.1.2 Positive and normative economic statements. Each one has a worked solution and a mark scheme showing where the marks go.

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