AS Paper 1, June 2022Introduction to Markets and Market Failure

AS Paper 1, June 2022, Q4(a)

With reference to the statement above, explain the difference between positive and normative statements.

Short answerExplain3 marks

Context

A large number of people should be vaccinated against a new virus, so that even those who are not vaccinated will benefit.

Specification topics

Positive and normative economic statements

Revision notes

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