"Price Controls in Competitive Markets Cause Shortages" Is an Example

question 52

Multiple Choice

"Price controls in competitive markets cause shortages" is an example of:

• A) positive economics.
• B) normative economics.
• C) the art of economics.
• D) Keynesian economics.

---

Definitions:

Problem Statement

A concise description of an issue to be addressed or solved, outlining the specific challenges or goals.

Indirect Organizational Strategy

A communication or organizational approach that uses suggestion, implication, or other non-direct methods to convey a message or achieve a goal.

Informational Reports

Documents that present data and facts without analysis, intended to inform the reader about a specific topic, condition, or situation.

Second-level Headings

These are subheadings used to organize content under main headings in a document or presentation, adding structure and clarity.