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A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2019 · Q41 Mark

Which is a normative economic statement?

AMoney is the least liquid form of wealth.
BSome firms are subsidised by the government.
CSome workers earn more than others.
DTaxes are the best way to discourage smoking.

✓ Correct answer

D: Taxes are the best way to discourage smoking.

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About this question

Topic
Basic economic ideas and resource allocation, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Oct/Nov 2019 Paper 1 Variant 2, question 4.

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