Which of the Following Is a Positive Statement

question 6

Multiple Choice

Which of the following is a positive statement?

• A)Low rents are better for a city than high rents.
• B)Housing costs too much.
• C)Government should control the rents that apartment owners charge.
• D)Low rents restrict the supply of housing.
• E)Owners of apartment buildings ought to be free to charge whatever rent they want.

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Definitions:

Bowed Out

A phrase indicating withdrawal or retreat from a competition, situation, or commitment.

Increasing Opportunity Costs

The economic concept that as production of a good increases, the opportunity cost of producing an additional unit of that good also increases.

Production Possibilities Schedule

A graphical representation that shows the different combinations of two goods or services that can be produced within a given time period, provided that available resources and technology are static.

Consumer Goods

Goods that are produced for direct consumption by the end user.