Question Description
Reply to each topic with a short essay and carefully explain your reasoning. Submit online and also submit a hard copy in class on the due date.
- Explain why international trade creates both "winners and losers" and why, therefore, different factions view trade with different normative opinions.
- On what basis could the Congress decide the optimal amount of public goods to provide, and how could it choose which goods to include?
- What main ideas can microeconomics contribute to a firm's evaluation of the net present value of a capital growth project and whether to accept the project?
- The idea that an economy needs an "optimal amount of harm" is nonsense because no harm is good. Agree or disagree and explain.
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