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”?
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