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.

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Definitions:

Accounts Receivable

Funds that customers have yet to pay a company for the products or services they have received.

Contra Account

An account used in the ledger to offset the balance of a related account.

Carrying Amount

The net value of an asset as recorded in the books, which is equal to the asset's original cost minus any accumulated depreciation, amortization, or impairment charges.