Which of the following is a positive statement in economics?
A) The income in the UK needs to be distributed more fairly.
B) The government needs to put more emphasis on improving UK export levels.
C) An increase in demand will increase the equilibrium price.
D) Faster economic growth is more important than a better quality of goods.
Correct Answer:
Verified
Q2: Which of the following is a normative
Q3: Scarcity and choice occur because of:
A) Unlimited
Q4: Resources in an economy do not include:
A)
Q5: A mixed economy:
A) Has no supply.
B) Has
Q6: Which of the following is in the
Q7: Organizations in the public sector:
A) Are owned
Q8: Capital goods:
A) Are for immediate consumption.
B) Are
Q9: Which of the following is an example
Q10: "We need to redistribute income to make
Q11: Which of the following is not an
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