Question

Select all that apply.

Select the items that are kinds of price controls.

-rent control
-minimum wage
-Earned Income Tax Credit
-rent subsidy

Answer 1

In the following choices above, the kinds of price controls are the rent control, earned income tax credit and the rent subsidy. It is because this are implemented by the government where they are charged depending on the services in each kind provides. Minimum wage does not comply as the kind of price control because it does not provide necessary service compared to the other three.