This past week we discussed the impact of price controls on the economy. There seems to be a big divide when it comes to the role of the market and the role of the government in today’s society. Use this week’s discussion as an opportunity to discuss your opinion on what the role of the government and the role of the market should be in allocating resources. How does the concepts we have discussed like price ceilings, price floors, surpluses, and shortages ect. play a role in your forming your opinion on the subject.
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