Government 1B: Lesson 50 – Week 10 Review

Writing assignment: Answer two of the following questions:

(1) What problems do price controls cause, and what are the benefits of letting prices adjust without government interference?

(2) What is the origin of money? (In other words, how does money first arise? Consult lesson 47.)

(3) Name and explain three disadvantages that have been identified with fiat money.