Which of the following two statements involves posi- tive, Ask an Expert

Economics

Which of the following two statements involves posi- tive economic analysis and which normative? How do the two kinds of analysis differ?

a. Gasoline rationing (allocating to each individual a maximum amount of gasoline that can be pur- chased each year) is poor social policy because it interferes with the workings of the competitive market system.

b. Gasoline rationing is a policy under which more people are made worse off than are made better off.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91576315

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