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What would be the size of the U.S. labor force? If 85 million adults are not working, what is the unemployment rate?
Sources of Inflation Using the concepts of aggregate supply and aggregate demand, explain why inflation usually increases during wartime.
Distribution of Costs and Benefits Why are consumer interest groups usually less effective than producer lobbies in influencing legislation?
What is the underground economy? What is the impact on the underground economy of instituting a tax on a certain productive activity?
What role might the underground economy play in lessening the drop in productive activities?
Why is the net gain equal to triangle abc, even though consumers now pay a higher price for electricity?
What other condition is necessary? What did Coase consider to be an efficient solution to a negative externality?
Why does the assignment of property rights to the stream lead to the same (efficient) level of pollution whether the firm or recreational users own the stream?
Why does a solution to the overharvesting of timber in the tropical rainforests require some form of international cooperation?
Why have authorities found it so difficult to regulate the fishing catch in the open ocean to allow for a sustainable yield?
Consider discrimination in schooling, for example. How would researchers detect such discrimination?
Poverty and Public Choice Why is it difficult to pass legislation to reduce the growth in Social Security or Medicare benefits?
Why have the experiences of these two age groups differed?
What government assistance programs does the Census Bureau consider when calculating household income? What programs are ignored?
Income Differences List some reasons why household incomes differ. Which factors are the most important?
Choose one of the topics listed and read the overview for that topic. Analyze the marginal social benefit and marginal social cost involved in your chosen topic
Is the program described an example of command-and-control environmental regulation or of the economic efficiency approach?
How are economic fluctuations linked among national economies? Could a recession in the United States trigger a recession abroad?
Why doesn't the National Bureau of Economic Research identify the turning points in economic activity until months or even a year after they occur?
Describe the various components of fluctuations in economic activity over time. Because economic activity fluctuates, how is long-term growth possible?
Based on your own experiences, extend the list of analogies between the human body. Determine which variables in your list are stocks and which are flows.
Why do economists pay more attention to national economies (for example, the U.S. or Canadian economies) than to state or provincial economies?
Find an article about the effects of poverty and discrimination in a foreign country. Has discrimination increased poverty in that country?
n the Results page, click on the link to View Full Overview. What is the difference between absolute and relative poverty?
List the ill effects that the 2007-2009 recession had on highincome households and therefore on the economy.