QUIZ KEYS FOR MONDAY, OCT. 6 2008

1. Draw the Market for Euros on page 108 (figure 5-2) and explain it.

2. Draw a graph of the minimum wage. What are the costs and benefits of the minimum wage?

3. Explain the costs and benefits of third-party-payer markets.

4. What did you learn from John Cochrane’s talk on the financial crisis? Be specific as possible.

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