Case study · The market for meat and the growth of vegetarianism
Using examples from either Extract A or Extract B, explain what is meant by positive and normative economic statements.
Specification point 1.1.2 · Theme 1
Nature of economics · Introduction to markets and market failure
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Questions built around exam extracts
Case study · The market for meat and the growth of vegetarianism
Using examples from either Extract A or Extract B, explain what is meant by positive and normative economic statements.
Case study · The UK economy
Explain the difference between a positive and a normative statement, using an example of each from Extract A.
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.
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Focused calculations, explanations and diagrams
With reference to the statement above, explain the difference between positive and normative statements.
Quick checks of economic understanding
Which one of the following best describes the two statements above?
Which one of the following is a positive economic statement?
Which one of the following best describes the two statements above?
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Which one of the following best describes the two statements above?