Together with your partner, answer one question from the list below. Submit your answer in typed format only, single spaced. Put both of your names at the top, and retype the entire question you are answering. Do not exceed two pages.
- Why does the federal government continue to subsidize Amtrak?
- How, and under what circumstances, should taxes be applied to Internet activities?
- Do you think that the rich should be obliged to provide assistance to poor people through taxation? Why or why not?
- How has the perception of retirement changed over the years?
- Explain why economists view technology as a benefit to economic growth and productivity.
- Are credit card companies exploiting Americans?
- Is it time to abolish the minimum wage?
- Should we sweat about sweatshops?
- Are the costs of global warming too high to ignore?
- Is Walmart good for the economy?
- Are profits the only business of business?
- Should the regulations regarding overtime pay be changed?
- What is the healthcare crisis and what can we do about it?
- Overcrowding in some of our national parks is beginning to be a problem. What do you suggest?
- Explain why or why not a perfectly competitive firm would or would not advertise.
- Suppose an investigator finds that the prices charges of drugs at a hospital are higher than the prices for the same products at drugstores in the area served by the hospital. What might the explanation for this situation be?
- Explain why you agree or disagree with the following statements: (a) “All monopolies are created by the government.” (b) “The monopolist charges the highest possible price.” (c) “The monopolist never takes a loss.”
- Should the government continue to subsidize small farmers? Why or why not?
- Describe the three attributes of monopolistic competition. How is monopolistic competition like monopoly? How is it like perfect competition?
- How might advertising reduce economic well-being? How might advertising increase economic well-being?