Indicate whether each of the following is a positive or normative economic statement:
The impositun af a price ceiling below equulibrium price wril lead to a shortage of housing
II. The local government should contol the rate of increase in rents so that low-income refidents are not forced to move From the area

Question

Indicate whether each of the following is a positive or normative economic statement:
 The impositun af a price ceiling below equulibrium price wril lead to a shortage of housing
II. The local government should contol the rate of increase in rents so that low-income refidents are not forced to move From the area

Quizplus · Accepted Answer

The Answer of Indicate whether each of the following is a positive or normative economic statement:
 The impositun af a price ceiling below equulibrium price wril lead to a shortage of housing
II. The local government should contol the rate of increase in rents so that low-income refidents are not forced to move From the area

Indicate Whether Each of the Following Is a Positive or Normative