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⚠️ Test Running in Guest Mode

Important: Your final mark will not be saved.

The basic economic problem Categorise

Target Level

Running Total

Attempt

1 of 1

Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.

Categorise the following statements into normative statements and positive statements.

Normative statements

Positive statements

Government should prioritise reducing unemployment than price level.

VAT is an example of an indirect tax.

Corporate taxes are too high.

Direct taxes such as Pay As You Earn (PAYE) are taxes on one’s income.

In 2021, UK government reduced VAT from 20 per cent to 5 per cent.

Unemployment can be caused by changes in seasons.

The best level of tax is zero per cent because it will stimulate consumption expenditure.

People in the UK should save more money for retirement.

Rich people deserve to be taxed heavily.

The UK government is no longer a member of the European Union.

This is your 1^st attempt! You get 1 marks for each one you get right first time. Good luck!

Pass Mark

70%