Q1. Research comes out that supports that drinking more Green Tea helps to keep you healthy. Ceteris paribus, what would you expect to happen to the market (equilibrium P and Q) for Green Tea based on this research?
Q2. "In the Undercover Economist, Harford discusses Greenbelts. What is a Greenbelt and how does it affect demand and/or supply? What are other examples of "greenbelts"?
Q3. Explain why purchasing power parity measures of income levels tend to show smaller differences between poor and rich country?