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Price Controls Subsidies And The Risks Of Good Intentions Crash Course Economics

So, during times of inflation or deflation, why doesn't the government just set prices? It sounds reasonable, but price ceilings or floors just don't work. Adriene ...

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In this video I explain what happens when the government controls market prices. Price ceilings are a legal maximum price and price floors are a minimum legal ...

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This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we're talking about market failures. When markets don't provide a ...

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How do companies make money? What are profits? Revenues? How are prices set? This week, Jacob and Adriene are talking business. Whether you're selling ...

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Subsidies

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What is a subsidy? A subsidy is really just a negative or reverse tax. Instead of collecting money in the form of a tax, the government gives money to consumer or ...

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Adriene and Jacob teach you all about markets. So, in free market(ish) economies like the United States and most of the world, markets are a big deal. Markets ...

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I explain excise taxes any show what happens to consumer surplus, producer surplus, and deadweight loss as a result of a tax. Make sure to watch the section ...

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What happens when the government interferes with the market mechanism by artificially imposing a "better" price? "Episode 15: Price Floors and Price Ceilings" ...

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Rent controls are a type of price ceiling. We'll use our diagram to show how rent controls create shortages by reducing the supply of apartments available on the ...

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If price controls have negative consequences, why do governments enact them? Let's revisit our example of President Nixon's wage and price controls in the ...

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This video lesson illustrates and explains the effects that a per unit subsidy will have on the market for a commodity, in this case, corn. The payment to producers ...

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This video is a part of Conservation Strategy Fund's collection of environmental economic lessons and was made possible thanks to the support of the Gordon ...

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Price Ceilings and Floors in Microeconomics.

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What happens when the prices of all goods are controlled? Under communism, or a command economy, this is exactly what occurs. As a result, all of the effects ...

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How the effect of indirect taxes and subsidies depends on price elasticity of demand.

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Today, we're going to wrap up our discussion of economic policy by looking at government regulation. We're going to talk about the government's goals for the ...

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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, ...

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Price ceilings result in five major unintended consequences, and in this video we cover two of them. Using the supply and demand curve, we show how price ...

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Minimum Price Controls.

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So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right? Right! In simple terms, pollution is ...

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