https://youtu.be/01lKDkYSFDg

Watch the video "Price Controls, Subsidies, and the Risks of Good Intentions: Crash Course Economics #20."

1. With rising costs of housing in California (and many states), there is a movement to enact more rent controls, such as with California Proposition 21 that expands rent controls to residential properties. Do you think this is a good idea? Why or why not.

2. Below is a photo of a man, with small packs of white powdered taped to himself, being arrested in Venezuela. Those packs of white powder are not drugs, but powdered milk. Food items are smuggled in and sold illegally, and also are being smuggled out. Why do you think this is the case?