#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...

Milton Friedman would likely view price gouging as . . .

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

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

In theory, productive efficiency requires minimal . . .

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

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.

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

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

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

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

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

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

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

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

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