1)Which of the following is not a positive economic statement? a)Price supports lead to excess supply. b)The welfare system makes certain benefits available only to unmarried parents. c)Capitalism is associated with free markets. d)Rent controls are unfair to landlords

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter2: Scarcity And Opportunity Costs
Section: Chapter Questions
Problem 15E
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1)Which of the following is not a positive
economic statement?
a)Price supports lead to excess supply.
b)The welfare system makes certain benefits
available only to
unmarried parents.
c)Capitalism is associated with free markets.
d)Rent controls are unfair to landlords
Transcribed Image Text:1)Which of the following is not a positive economic statement? a)Price supports lead to excess supply. b)The welfare system makes certain benefits available only to unmarried parents. c)Capitalism is associated with free markets. d)Rent controls are unfair to landlords
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