Question: Minimum wage rate and rent control are two common examples of how government (one provincial, the other typically municipal) policies have a direct economic impact.

  1. Minimum wage rate and rent control are two common examples of how government (one provincial, the other typically municipal) policies have a direct economic impact. Considering what you have learned in this unit, discuss the impacts of the minimum wage rate and rent control policy on consumers, producers, and society. Draw on the readings and specific examples you can find in your community to argue both for and against such policies.

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