A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2020 · Q31 Mark
Below are two statements. 1 A rise in the price of rice is the best way to give farmers in South-East Asia higher living standards. 2 A rise in the price of rice will lead to a fall in demand. Which row correctly describes these two statements?
A1: normative, 2: normative
B1: normative, 2: positive
C1: positive, 2: normative
D1: positive, 2: positive
✓ Correct answer
B: 1: normative, 2: positive
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