1- Can trade and exchange occur within the firm without the exsitence of private property rights? If individual property rights are necessary for econmic success, how might the firm allow property rights?
2- Consider illegal immigration. How would illegal immigration be affected if all countries had property ownership rights as well defined as in the U.S.?
3- Consider the following statement by Charles Wheelan, author of the Naked Economist: "The problem with Asian sweatshops is that there are not enough of them".How is Wheelan's statement illustrative of fundamental economic concepts?
4- Describe the types of information that market prices provide.