Price ceilings and price floors

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Reference no: EM13862005

Price Ceilings: Discuss whether you think we should continue to have a zero price for using a freeway. Or should we have transponders mounted on the dashboards of vehicles, as practiced in Singapore, which monitor and track the miles-driven within a city. Is this technique a non-starter for you? Although, on the bright-side, could you imagine not being stuck in slow-moving traffic again?

Price Floors: Discuss whether you think we should continue to have a Government-regulated minimum wage law. Have you wanted a job, and been willing and available to work, but unable to get hired? Would you have taken a job for a slightly lower wage, if one had been available?

Reference no: EM13862005

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