A-LevelEconomicsBasic Economic Ideas / Positive and Normative EconomicsFeb/Mar 2023Paper 1 Q31 Mark
The table states the consequences of two macroeconomic policies. What correctly identifies whether the statements are normative or positive? [Figure: table showing 'a depreciation of an exchange rate will cause the balance of payments to improve' and 'a rise in the minimum wage rate will cause unemployment to rise']
Anormative, normative
Bnormative, positive
Cpositive, normative
Dpositive, positive
✓ Correct Answer
The correct answer is D. This question tests the candidate's understanding of basic economic ideas / positive and normative economics within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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