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Price Controls and Subsidies (Crash Course)
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Price Controls and Subsidies (Crash Course)
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18 Questions

1. What do economists call it when the government sets prices?

2. What is it called when the government sets a maximum price?

3. What kind of things are happening in Venezuela shopping scenes because of price controls

4. What does lower rent discourage?

5. How do most economists feel about farm subsidies?

6. Why are some people in favor of farming subsidies

7. Producing less than the demand is called what?

8. What is it called when the government sets a minimum price?

9. How are consumers likely to react with a price floor?

10. Crash Course says subsidies might be a good idea when what is happening with the market

11. What President established a price and wage freeze?

12. Why can a price ceiling lead to shortages?

13. What kind of price controls do NYC and San Francisco have?

14. How do most economists view price controls?

15. Economists worry that farm subsidies will prevent farmers from doing what?

16. In the U.S, when did farm subsidies begin?

17. What inflation-infected country has been using price controls recently?

18. What is a subsidy?

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