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']
✓ Correct Answer
The correct answer is D: positive, positive
📋 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...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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