Assignment
1. How do the marginal rate of substitution and indifference curve concepts work together?
2. What are the four properties of indifference curves according to Mankiw's text?
3. Discuss theory of consumer choice.
4. Discuss the term the Ten Principles of Economics and how it's applied to the consumer buying trends.
5. How do interest rates affect household savings?
6. How is adverse selection related to asymmetric information and the signaling concept in economics? What are some examples of adverse selection in real world markets?
7. How do wages affect labor supply?