Q1. Americans already enjoy living standards that far exceed world's average. Should we even try to produce more, do we have sufficient?
2. Explain how might the following government intervention affect a nation's economic growth:
(a) Mandatory school attendance
(b) High income taxes
(c) Copyright and patent protection
(d) Political corruption.
Q2. Describe the determinants of varying levels of income. What factors determine a wages of a person? In your opinion, do these qualifications always hold true?