Which of the following is a positive economicstatement?
A)Shortages in the kidney trade are a necessary phenomenon.
B)Animal rights activists are to blame for the high prices of real furs.
C)We should encourage the importation of kidneys from the less-developed countries.
D)A government-imposed price of zero for kidneys helps create a black market in kidneys.(True Answer
)Correct

Question

Quizplus · Accepted Answer

Option D is a positive economic statement because it describes the impact of government-imposed price controls on the market for kidneys. It does not make any value judgments or express any opinions on what should or should not be done. It only presents a factual observation about the unintended consequences of a particular policy.

Which of the Following Is a Positive Economicstatement