1. Consider how the rate of population growth influences the level of GDP per person.
2. Consider the role of the financial system. Be prepared to name and describe two markets that are part of the financial system in the U.S. economy?
3. Consider what benefit people get from the market for insurance. What two problems impede the insurance market from working perfectly?
4. Consider why are minimum-wage laws a better explanation for structural unemployment among teenagers or among college graduates.
5. Consider why frictional unemployment is inevitable. How might the government reduce the amount of frictional unemployment?
6. Consider the three categories into which the Bureau of Labor Statistics divides everyone. How does the BLS compute the labor force, the unemployment rate, and the labor-force participation rate?
7. Consider how to explain the view of those economists who are skeptical of the efficient markets hypothesis.
8. Consider how to describe the efficient markets hypothesis with evidence.
9. Consider what factors a stock analyst should think about in determining the value of a share of stock.