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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.
Welfare Reform What has happened to the number of people on welfare since 1994? What explains the change over time?
Disincentives How does the implicit tax on earned income affect work incentives? How do some people avoid the implicit tax?
Entrepreneurship What entrepreneurial idea do you have? How would your idea contribute to the economy?
What factors should a winner consider in determining how to take the money?
Show how to calculate the cost to the state of paying out such a prize. Assume payments are made at the end of each year.
What are some factors that contribute to differences among interest rates?
Identify some downsides for individuals and the economy of violating intellectual property rights.
A management consultant advised a small business owner to fully analyze all transaction costs. What assumption from traditional economics is in dispute here?
Why would existing franchise owners have an interest in the maintenance of high application standards for new franchise owners?
Signaling and Screening What roles do signaling and screening play in a labor market with asymmetric information?
Adverse Selection and Moral Hazard Describe the problems faced by health insurance companies as a result of adverse selection and moral hazard.
Distinguish between hidden characteristics and hidden actions. Which type of asymmetric information contributes to the principal-agent problem?
Search with Imperfect Information Fifty years ago, people shopped by mail using catalog. What reasons can you suggest for the growth in these forms of shopping?
Why do some firms produce multiple product lines, while others produce only one?