Examlex
Which of the following factor(s) is expected to increase the cost of benefits?
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or commodity, usually intended to protect consumers from excessive costs.
Economic Effects
The consequences of a particular policy or economic event on the welfare of the economy.
Price Floor
A government-imposed minimum price for a product or service, intended to prevent prices from falling below a certain level.
Economic Effects
The impact of financial activities on the welfare of an economy, which can include changes in employment, income distribution, and growth rates.
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