Economics 9708 · AS & A Level · Economic methodology

Economic methodology — practice question

Talented actors ought to be paid a high income because they give enjoyment to people who go to the theatre. What conclusion can be drawn from this statement?

  • AIt is a normative statement because both services and goods are economic outputs.
  • BIt is a normative statement because it expresses an opinion.
  • CIt is a positive statement because actors do bring pleasure to people.
  • DIt is a positive statement because greater skill results in higher pay.

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