Specification point 1.1.2 · Theme 1

Positive and normative economic statements

Nature of economics · Introduction to markets and market failure

Revise this topic

Questions tagged to this specification point

8 questions

Essay questions

Long-form evaluation and discussion

0

No essay questions tagged to this point yet.

Data-response questions

Questions built around exam extracts

3
5 marks

Case study · Energy and telecommunication markets in the UK

With reference to Extract A, explain the difference between a positive statement and a normative statement.

Learn this question

Open a video explanation without leaving the question.

Short-answer questions

Focused calculations, explanations and diagrams

1

Multiple-choice questions

Quick checks of economic understanding

4
1 mark
ContextStatement 1: Finland has schools with an average class size of 19.6. Statement 2: Other countries ought to set school class sizes similar to Finland.

Which one of the following best describes the two statements above?

AStatement 1 normative, Statement 2 normative
BStatement 1 normative, Statement 2 positive
CStatement 1 positive, Statement 2 normative
DStatement 1 positive, Statement 2 positive
1 mark
ContextDisruption in the supply chains of essential goods and shortages of key medical products during the global health crisis have highlighted the links between countries and renewed the debate on the advantages and disadvantages of specialisation.

Which one of the following is a positive economic statement?

ADisruption to global supply chains will reduce the level of trade
BSupply chain disruption is the most important issue facing governments
CThe free market leads to the best allocation of resources
DThe government ought to increase healthcare spending
ContextStatement 1: Since Poland joined the European Union (EU) in 2004, over one million of its workforce have migrated to other countries in the EU. Statement 2: Many engineers have left Poland for higher paid jobs in other countries in the EU.

Which one of the following best describes the two statements above?

ANormative Normative
BNormative Positive
CPositive Normative
DPositive Positive

Learn this question

Open a video explanation without leaving the question.

1 mark
ContextStatement 1: Cuba has a healthcare system with a patient to doctor ratio of 155:1. Statement 2: Other countries ought to adopt a similar healthcare system to that which exists in Cuba.

Which one of the following best describes the two statements above?

ANormative Normative
BNormative Positive
CPositive Normative
DPositive Positive
Question text © Pearson Edexcel, quoted for students' private study. Open the official papers and mark schemes from the links on each question.