Q1. Are recessions a necessary fact of macroeconomic life? If not, illustrate what would it take to eliminate them? If they are unavoidable, illustrate what types of business can benefit from them?
Q2. It has been said that Marx stood Hegel on his head,. Did Marx do the same to Classical Economics? Evaluate Marx, the various influences on Marxian theory, also the Classical-Marxian links.
Q3. We said that an uncrowned country club golf course has aspects of public good. Why? Is it still a public good if it becomes crowded also people's games are slowed down?