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If they do make sense, what is a reason they are not installed? What will their installation likely do to driving habits?
Which had more C-sections, and why? What implications about the health care debate can you draw from the above results?
What effect will it have on dowries-payments made by the bride's family to the groom-which are still used in a number of developing countries?
How will people likely try to get around the system? What will likely happen immediately before? How might this be avoided?
How much do you value your life in dollar terms? Are your decisions consistent with that valuation?
Do you agree with this view? How might the presentation of economics change if economists did not have that fear? (Religious)
How reliable do you consider cost/benefit analysis as a policy analysis tool? Does cost/benefit analysis work better in some situations and worse in others?
How does the existence of these norms affect the analysis presented in the text about the way markets work? (Post-Keynesian)
What are the two ways to depict a demand schedule? Make up a demand schedule for some good or service you often buy.
If you were in a position to run our economy, what steps would you take to raise our rate of economic growth?
Would it be harder for a nation to attain full employment or full production? Explain. What is the opportunity cost you incurred by going to college?
Can you think of one such decision that was in the recent economic news?
Why is entrepreneurship central to every business firm? Can you think of any decisions you have recently made that incurred opportunity costs?
Explain the law of increasing costs, using a numerical example. Discuss the three concepts on which the law of increasing costs is based.
What are the three basic economic questions that all economies must answer? Describe the differences in the ways capitalism and socialism answer these questions
How far has China evolved into a market economy? What are the two basic classes of market failure? What would be an example of each?
Explain why you would prefer to live in a socialist or a capitalist country. Why would that label be misleading today?
If you were on a presidential commission whose purpose was to deal with spamming and robocalling, what recommendations would you make?
a. As the price of theater tickets rises, what happens to the quantity of tickets that people are willing to buy? Explain your answer.
Where is a price ceiling with respect to equilibrium price? What will be the relative size of quantity demanded and quantity supplied?
Practical Application: How would the abolition of rent control reduce the housing shortage in some cities? Explain in terms of supply and demand.
Practical Application: Urban highways are usually very congested during morning. What simple step could be taken to greatly reduce congestion?
What inferior goods do you buy? Would you continue to buy them if your income doubled?
Explain how the price of a good you buy is affected by changes in the prices of (a) substitute goods; (b) complementary goods.
Behavioral economics seems to suggest that the longterm self rather than the short-term self is rational. How do we know that?