A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Feb/Mar 2023 · 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']
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Anormative, normative
Bnormative, positive
Cpositive, normative
Dpositive, positive
✓ Correct answer
D: positive, positive
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