When free markets ration goods with prices, it is both efficient and impersonal.
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Q10: Rent-control laws dictate a minimum rent that
Q11: Price is the rationing mechanism in a
Q12: Economic policies often have effects that their
Q13: Prices are inefficient rationing devices.
Q14: Policymakers use taxes to raise revenue for
Q16: Price controls are usually enacted when policymakers
Q17: If a price ceiling is not binding,
Q18: Minimum-wage laws dictate the lowest wage that
Q19: When a free market for a good
Q20: A price ceiling set above the equilibrium
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