What was the purpose of President Nixon's 90-day price and wage freeze in the early 1970s?
Crash Course: Price Controls

Interactive Video
•
Social Studies
•
9th Grade
•
Hard
Michelle Sharper
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To reduce unemployment
To fight inflation
To boost exports
To increase consumer spending
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a price ceiling?
A minimum price set by the government
A price set by consumers
A maximum price set by the government
A price set by producers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens when a price ceiling is set below the equilibrium price?
It creates a shortage
It increases production
It creates a surplus
It has no effect
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country was used as an example of the negative effects of price ceilings on consumer products?
Venezuela
Mexico
Brazil
Argentina
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main argument against rent control according to economists?
It increases the quality of housing
It reduces the quantity and quality of housing available
It encourages new construction
It makes housing more affordable
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a price floor?
A maximum price set by the government
A minimum price set by the government
A price set by producers
A price set by consumers
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the main criticisms of agricultural subsidies?
They help poor farmers
They increase food production
They discourage innovation
They reduce food prices
Create a free account and access millions of resources
Similar Resources on Quizizz
16 questions
Populism vs railroads and banks

Quiz
•
8th Grade - University
13 questions
Economics Unit 3 Vocabulary

Quiz
•
9th Grade - University
8 questions
Chapter 4 - Quick Quiz

Quiz
•
9th - 12th Grade
15 questions
Determinants of Demand

Quiz
•
9th - 12th Grade
11 questions
Demand Shifts

Quiz
•
9th - 12th Grade
11 questions
Crash Course Economics 4

Quiz
•
9th - 12th Grade
10 questions
Economics Unit 2

Quiz
•
9th - 12th Grade
15 questions
Demand & Law of Demand

Quiz
•
9th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade