An editorial in the Wall Street Journal asserted that whenever the government is in charge of allocating

Question:

An editorial in the Wall Street Journal asserted that “whenever the government is in charge of allocating a scarce good in high demand, there will be rationing. . . . So it is with vaccines. . . . Basing eligibility . . . from oldest to youngest from now on is simple . . . and fair.”

a. Did the editors of the Wall Street Journal make a positive economic statement or a normative economic statement when they wrote “Whenever the government is in charge of allocating a scarce good in high demand, there will be rationing”?

b. Did the editors of the Wall Street Journal make a positive economic statement or a normative economic statement when they claimed that rationing vaccines based on a patient’s age, from the oldest to the youngest, “is simple . . . and fair”?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

Question Posted: