QUIZ KEYS FOR WHEELAN CHAPTER 4 AND COLANDER CHAPTER 8
Wheelan chapter 4:
1. Describe the framework that Wheelan gives at the end of the chapter for thinking about the government’s role in the economy giving an example for each point that he makes.
Colander chapter 8:
1. Explain the various components of rational choice.
2. What are the limits [...]
Posted on October 31st, 2009 by cjanus
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WHEELAN:
1. What is an externality? Give three examples.
2. Name five different roles of government citing a brief example of each.
COLANDER:
1. Draw and explain the graph on page 156 (7-2).
2. Draw and explain the graph on page 162 illustrating the draft.
Posted on October 18th, 2009 by cjanus
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Possible Short Answer Questions:
1. What are the key Points in Peter Lynch’s investment philosophy?
2.Define the following key economic concepts in the Wheelan chapter and cite examples of them: 1. the law of unintended consequences; 2. the prinicpal/agent problem; 3. acting in one’s own rational self-interest making you worse off; 4. creative destruction.
3. What are John [...]
Posted on October 1st, 2009 by cjanus
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1. Draw. labael and explain the graphs on page 96 that illustrate shifts in supply and demand and movement along the curves. Use specifics of the DVD example.
2. Why is the push for luxury housing at universities going against the general economic trend of cutting back?
3. Does Mankiw make the case that health care in [...]
Posted on September 24th, 2009 by cjanus
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Possible short answer questions.
1. Write a paragraph explaining how one thinks like an economist.
2. Explain what it means for individuals to maximize their utility. Cites some examples of the benefits of this process at work.
3. Why do college costs keep going up?
4. What comparative advantage does the United States presently have in the global economy? [...]
Posted on September 17th, 2009 by cjanus
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