Economic Efficiency

Economic Efficiency

Streaming Video - 2012
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In preparation for WWII, the Roosevelt administration instituted wage price and price controls to curb inflation and better focus production on war materials. When the Nixon administration set up price controls for beef, farmers attempted to stifle the supply by withholding animals from the markets. Following WWII, rent controls established to aid returning war veterans cut into landlord profits and consequently led some to abandon properties. These stories examine how the "invisible hand" behind free markets operates, the reasons for interfering with free markets, and the costs of doing so.
Publisher: [Place of publication not identified] : Annenberg Learner (Firm), [2012]
Edition: 21st Century Edition
Copyright Date: ©2012
Characteristics: video file,rda
1 online resource (1 video file (28 min., 8 sec.)) : color and sound

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