Economics 9708 · AS & A Level · Economic methodology

Economic methodology — practice question

Food prices in a country rose by 20% over three months because of an infectious virus. Which statement about the reason for this increase in food prices is normative?

  • AConsumers were scared of running out of food.
  • BFarm workers demanded higher wages to cover extra hours worked.
  • CSupply of foreign food was reduced because of closed borders.
  • DTransport costs increased by 10%.

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