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Question 1b: Which of the following statements is positive, which is normative? Q1 bi). Australia used to produce cars but Ford stopped car manufacturing in
Question 1b: Which of the following statements is positive, which is normative? Q1 bi). "Australia used to produce cars but Ford stopped car manufacturing in Australia about 5 years ago". Q1 bii). "Low-income earners pay too much tax in this country". Question 1c: Q1 ci). What are the three factors of production (resources)? Q1 cii). Who are the owners of the question above (i) ie Factors of production? Q1 ciii). What are the incomes to the question above (ii), owners of the Factors of production (resource
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