Government Controls" Please respond to the following:
• Minimum wages and rent controls are implemented in an attempt to help those of modest means. Explain the costs and benefits of such price controls. Suggest alternatives that you believe would be more appropriate and explain why. Take a position on whether or not you believe the government should get involved within markets to control prices. Provide a rationale for your response.
• From the e-Activity, evaluate the reasons for differences in minimum wage rates across states. Explain why the rate in your state is different from others.