FROM COLANDER, CHAPTER 8.
1. Be able to draw the graphs of Total and Marginal Utility on page 191.
2. Be able to cite the Utility Maximizing rule.
3. Be able to explain the relationship between Rational Choice and the Laws of Demand and Supply.
4. Be able to cite the limits of Rational Choice.
From WHEELAN, CHAPTER 4.
1. What is “wisdom” in economics?
2. Why shouldn’t we be demanding only “Cadillac lawyers”?
3. Describe the three aspects of “fiscal drag” that taxes exert on the economy.
4. What is the Laffler curve?
5. What is the “framework” that Wheelan provides for thinking about the government role in the economy?
Posted on November 17th, 2007 by cjanus
Filed under: Uncategorized
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