Which of the Following Is a Statement of Positive Economics

question 27

Multiple Choice

Which of the following is a statement of positive economics?

• A) Government control of rent is a fair way to help poor people afford housing.
• B) Government control of rent keeps landlords from charging too much rent.
• C) Government control of rent decreases the number of new apartments constructed.
• D) Government control of rent is an injustice.

Understand the principles of economic efficiency and the factors that contribute to it.

Comprehend the challenges and limitations of central planning in economic systems.

Recognize the role and motivations of entrepreneurs in a market system.

Identify the characteristics and implications of market systems versus command economies.

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Definitions:

Adaptability

The ability to adjust to new conditions, challenges, or environments effectively.

Stranger Anxiety

The fear and caution exhibited by infants and young children when encountering unfamiliar individuals.

Infant's Capacity

The potential or ability of an infant to develop skills and accomplish tasks, often measured through milestones in physical, cognitive, and emotional development.

Memory Increases

The enhancement or improvement in the capacity to retain and recall information over time.