Economics 9708 · AS & A Level · Economic methodology

Economic methodology — practice question

Which one is a positive statement?

  • AA fall in the value of the Chinese yuan against the US dollar will make Chinese goods more price competitive in the USA.
  • BDirect taxes are the best fiscal instrument to redistribute income in a developed economy.
  • CThe most important macroeconomic objective of the government is to reduce unemployment.
  • DThe UK government should not renationalise the railway infrastructure.

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