The Question:
Watch the video “Price Controls, Subsidies, and the Risks of Good Intentions: Crash Course Economics #20.”
1. With rising costs of housing in California (and many states), there is a movement to enact more rent controls, such as with California Proposition 21 that expands rent controls to residential properties. Do you think this is a good idea? Why or why not.
2. Below is a photo of a man, with small packs of white powdered taped to himself, being arrested in Venezuela. Those packs of white powder are not drugs, but powdered milk. Food items are smuggled in and sold illegally, and also are being smuggled out. Why do you think this is the case?
** I inlcuded the picture of the man down below in the attached file
Hints:
1. Consider price controls as they relate to rent control and food shortages. 2. Also consider how price controls impact consumer and producer surplus in the market.
The Rules:
You are required to write 8 sentences as your entry and you should have about 175 to 250 words. Proper spelling and grammar is required. The more details you include and the stronger your explanation, the more points you will receive. You must make a post to this discussion forum before seeing the entries of your classmates.
You must REPLY to at least one post before the due date.
Writing assignments are graded on a 10 point scale based on the rubric provided in the syllabus. Bonus points may be awarded for exemplary responses and participation.
Please *Reply* to the original question and then *Reply* to your classmates under their responses.
Do not plagiarize your response from any source including another student or your score will be zero.
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Watch the video “Price Controls, Subsidies, and the Risks of Good appeared first on Course Hero.