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Which of the following statements about price controls are true?Select ALL that apply. Question 4 options: Binding minimum wages will most likely be inefficient. Binding
Which of the following statements about price controls are true?Select ALL that apply.
Question 4 options:
Binding minimum wages will most likely be inefficient.
Binding price ceilings on housing will most likely be inefficient.
Binding price ceilings on housing are always efficient.
When making policy decisions, efficiency is generally one of many concerns.
Binding minimum wages will always be efficient.
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