Crash Course Economics #20
Authored by Cynthia Elm
Social Studies
9th - 12th Grade
Used 5+ times
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7 questions
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1.
FILL IN THE BLANKS QUESTION
15 mins • 1 pt
A price (a) is when the government sets a maximum price for a specific good or service.
2.
FILL IN THE BLANKS QUESTION
15 mins • 1 pt
A price (a) is when a law sets a minimum price in a specific market.
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A price floor keeps the price _____.
high
low
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A price ceiling keeps the price _____.
low
high
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
A subsidy is a government _____ given to individuals, organizations, or businesses designed to offset specific costs to advance a specific public goal.
subsidy
tax
loan
credit
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
85% of economists think the government should eliminate agricultural subsidies.
True
False
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
No farm subsidy money is allowed to pay for crop insurance
False
True
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