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In which of the three cases, if any, do you think that supply has increased more rapidly than demand?
For retirement villages? Which country do you think will have the greatest absolute increase in demand for baby diapers? For retirement villages?
What are the three major legal forms of business organization? Which form is the most prevalent in terms of numbers? Why do you think that is so?
Identify and briefly describe the main economic functions of government. What function do you think is the most controversial? Explain why.
How might government correct these divergences? Cite an example (other than the text examples) of an external cost and an external benefit.
Explain why excise taxes on beer might be justified in dealing with a problem of external costs?
What are the two characteristics of public goods? Explain the significance of each for public provision as opposed to private provision.
How the production of public goods might be increased. How might the output of public goods be increased if the economy is initially operating?
What do economists mean when they refer to Social Security as a pay-as-you-go plan? What is the Social Security trust fund?
What type of inefficiencies does the commitment problem of a hospital create? Why don't restaurants have this same problem?
One government intervention in health care is compulsory vaccinations for children. Can you explain why governments might enact such policies?
Is it efficient to build the bridge? Suppose the government asks people what the bridge is worth to them and plans to tax them the amount that they say.
How many more workers were there at the end of the 10-year period than at the beginning? Next, return to the Detailed Statistics page.
How much of the disagreement is based on normative economics compared to positive economics? Give an example of loaded terminology from each site.
Why must we be cautious in concluding that marriage is the cause and higher income is the effect?
Use graphical analysis of present goods versus future goods to explain the differences in growth rates.
What might be the impact on trade in this market? What might happen to prices?
In the state you live in, find out about the unemployment insurance program. How long do you receive benefits and how generous are the benefits?
Use the Internet to find out about deposit insurance programs in the United States and in another country. How do these programs compare?
What unemployment insurance could you collect? Would you qualify for unemployment insurance? How much would the benefits be? How long would the benefits last?
List the factors you think would make stock prices increase and decrease in the Shanghai stock exchange.
Explain how contractionary monetary policy can reduce housing prices. What happens to the price of houses today?
Explain why the DJIA and other stock market indices are more useful after they have been adjusted for inflation.
List three jobs you think probably pay minimum wage and three jobs that you think do not.
Specifically, if labor supply is more elastic, is the deadweight loss smaller or larger? What is the economic intuition behind your answer?