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Why is a strictly economic definition of development inadequate? What do you understand economic development to mean?
Briefly describe the various definitions of the term development encountered in the text. What are the strengths and weaknesses of each approach?
How will this affect oil supplies reaching the U.S.? How much could the U.S. gain by making political concessions to the oil-rich country in order to buy the oi
What suggestions do you have to reduce these long-run problems without leaving poor people-expecially children-in desperate circumstances in the short run?
How would you expect the representation and relative wages of minorities (or women) in the firm to compare with those in high discriminating firms? Explain.
Why might the earnings of Jewish-Americans exceed the national average, independent of employment discrimination?
If the extent of employment discrimination was declining over time, how would the structure of relative earnings according to age groupings be affected?
Do you think the official poverty statistics in United States are misleading? In what ways? What impact on social welfare policy would you expect as a result?
How does income distribution in the United States compare with that of other developed nations? Of less developed nations?
What policy would you recommend to accomplish this objective? How much would your program cost? Would it have undesirable secondary effects? Explain.
What are some of the problems with annual income data at a given time as a measure of one's economic well-being? Explain.
Do you think this is a good plan for achieving a more equal income distribution? Why or why not?
Do you think that our analysis of the public sector is cynical? In what way? Do you think that it nevertheless explains public-sector activities?
Present, as strongly as you can, the case against taxes and subsidies as a method of handling external effects.
Another 54,300 were injured. Should we shut down the railroads? Are the two situations comparable?
Describe a situation in an administrative or services business where this sort of defect probability analysis may appropriately be used.
What's Wrong with This Way of Thinking? Would a brand-name whiskey distiller have the same incentive for quality control relative to a small?
What problems are involved in setting the proper tax on pollutant emissions? Could one set an antipollution tax so high that pollution would be too low.
Explain how the free-rider problem complicates the issue of raising money for charitable purposes.
How could one go about measuring the scarcity of oil in 1955 relative to its scarcity now? Explain.
Is the creation of a new industry a good thing? The state of Connecticut could create a banana industry, complete with hothouses.
What arguments could you make for self-sufficiency within a nation? A state? A locality? How much should we sacrifice to attain this?
Would a higher tariff on automobiles create jobs in the automobile industry? Does unemployment indicate a lack of jobs? Why or why not?
What incentives does a bureaucrat face? How do they differ from those faced by an individual in the private sector?
Why may this factor enhance the strength of special interest groups? Explain. Why may it cause voters to be short-sighted? Explain.