This is two part assignment dealing with Economics and Art……

. Create your Assignment submission and be sure to cite your sources, use APA style as required, check your spelling.

Assignment: 1

1.One of the skills of the economist, as defined in Chapter 1 of thebook, is to observe facts, weed out relevant ones from irrelevant ones,and theorize about the cause. Yet top economists wildly and readilydisagree on most, if not all, aspects of the economy. It’s often evenjoked about that economists are like weathermen in that they can bewrong all of the time and still have a job where people listen to whatthey say. Explain why this is so, and what you think contributes to thewide variance in theories put forth by economists, especially duringelection years.

2.A newspaper item reported that two-thirds of all mothers who workoutside the home “do it for the money, not by choice.” Are those reallythe only alternatives? Could it be that the real culprit is that mostAmerican families want to climb the social ladder and have morepossessions; therefore one income is often not enough to make thathappen? Or maybe is it that divorce is so prevalent that women must workto cover her living expenses? Or that many mothers have never married?Or is it that most mothers want a life outside of just being a “mommy?”Or is it a bit of everything. Explain your view on working mothers andthe economics reasons behind them.

3.Airlines are willing to overbook flights because they know that peoplewho make reservations do not always show up. Sometimes, however, thisresults in more people holding reservations at the gate than there areseats on the flight.

A. Is overbooking efficient from the airlines’ standpoint? Why or why not?

B. Is overbooking efficient from the standpoint of passengers? Why or why not?

C.As a consequence of a 1976 court case that Ralph Nader won against anairline that had “bumped” him, the federal government adopted a rulerequiring airlines to compensate people who were denied boarding despiteholding a confirmed reservation. As a result, the airlines started toask for volunteers who were willing to take a later flight whenever aflight turned out to be overbooked. Who benefited from this newregulation, and how?

D.If passengers can, in effect, sell their confirmed reservations when aseat shortage arises, why can’t passengers sell their right to land at acrowded airport when a shortage of landing slots arises? How do youthink this would change air travel as we know it?

E.Before 1976, the airlines often denied boarding to passengers who wereflying on urgent business in favor of passengers who were not in anyparticular hurry to reach their destinations. This would seem to be acooperative failure. What was the crucial step that lowered transactioncosts sufficiently to transform the frustrating situation before 1976,when the last persons to show up at the gate were denied boarding, intothe current system, where only volunteers are denied boarding?

4.Suppose a gasoline station offers the following promotion on the 4th ofJuly: “TODAY ONLY: FREE GASOLINE FROM NOON UNTIL 3:00 P.M.! HAPPYBIRTHDAY, AMERICA!” Is that gasoline a free good to the owner of thestation? Is it a free good for all the drivers who wait in long lines tofill up? Countless others might decide to avoid the “free” gas and fillup at other stations that charge $4.00 per gallon. In your opinion, arethey foolish to pass up the opportunity? In the economic way ofthinking, would they be failing to economize?

Assignment: 2

Answer these essay questions:

1.Using the notion of style from the introduction, select a well-knownpiece of art from a well-known artist where others have written andclaimed that the artist was influenced by other artists. Summarizethese influences and provide concrete examples that you believe supportsthe claim.

2.Based on your reading, attack or defend the following assertion andprovide concrete examples with analysis to support your position.

“One first must understand and develop skill with a media ofexpression before it is possible to actually produce ‘art’, otherwise itis not ‘art’, it is an ‘accident’, even if it happens to beattractive.”

3.Identify a piece of two-dimensional art (including photography) thathas had a real impact on you. Use the Sample Outline and CriticalAnalysis from the end of Chapter Two to analyze the piece. Be sure toinclude details about what it is that impacts you.

4.Identify a piece of sculpture (including jewelry) that is particularlyattractive or compelling to you. Use the Sample Outline and CriticalAnalysis from the end of Chapter Two to analyze and characterize thepiece. Be sure to include details about what it is that makes the pieceattractive (e.g. aesthetically pleasing) or compelling (e.g. functionally effective in how it causes an effect) to you using the aspects introduced in the text.

5.Use the Internet to explore “calligraphy”. Based on your reading,attack or defend the following assertion and provide concrete examplesto support your position.

“If your goal is to have a real and meaningful impact, legible handwritten writing is not enough.”