There are federal and state laws setting minimum wages for, Ask an Expert

Economics

There are federal and state laws setting minimum wages for workers. There are also city laws setting price ceilings for housing rents.

a. Why are there laws setting minimum wages for workers and maximum rents for housing?
b. Why are there no laws setting maximum wages for workers or minimum rents for housing?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M963539

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