Question 1. Is Wal-Mart too big? Or should it be allowed to grow even bigger because of its benefits to us? Why?
Question 2. Explain comparative advantage and why it is good for us.
Question 3. Based on what you've learned in this class, and what you’ve seen happen, should the government have handled any of the big three auto manufacturers differently? Why?
Question 4. Give a good example, from your own area, of how economic profits may differ from accounting profits.
Question 5. Based on what you've learned and discussed in this class, do you think that the U.S. should nationalize healthcare? Why or why not?
Question 6. What is the difference between technical efficiency and economic efficiency? Give us a good example.
Question 7. What is income elasticity? Give a good example of how income elasticity has affected a recent purchase of yours.
Question 8. In your own words what is the law of diminishing marginal productivity? Give us an example in your own area.
Question 9. Explain how the demand for labor is derived demand. Give us an example in your own area.
Question 10. What are the three most important things you'll take from this class? Why is each important to you?