#19 Crash Course Economics

Producers of consumer goods get info through market research, but also through _______________

The ending of this Crash Course suggests is that it's our responsibility as consumers to do things like...

The ideal holiday gift in terms of efficiency is a fuzzy warm sweater.

In theory, productive efficiency requires minimal . . .

In the Soviet Union, there were shortages of _______________________ like soap & sugar.

According to this video, command economies tend to have problems with . . .

Two nations that have moved away from large-scale central planning are ____________ and _____________.

Some economists love price signals so much that they hate Santa.

Price signals indicate that skinny jeans are on their way out.

Capitalism, with its focus on prices, is basically . . .

In a free market economy, markets _____________________ society's needs.

A company trying to drive its competition out of business by lowering prices below cost is engaged in . . .

When sellers raise prices for essentials during an emergency, this is known as

The United States is often mistaken for a free market economy.

In market economies __________________ decide(s) what gets produced.

Milton Friedman would likely view price gouging as . . .

Walmart was accused of predatory pricing in Germany & the U.S. When it was ordered to raise its prices in Germany . . .

Exactly how many pellets of rodent excrement are allowable per kilogram of wheat in the U.S.?

If what's produced is also what consumers want to buy, then there is a high degree of ___________ efficiency.