1.List
four factors that likely contributed to the number of workers in the U.S. labor
market belonging to unions declining so dramatically since the early 1950s.
2.Briefly
compare the wage rates and productivity levels of unionized workers and
nonunionized workers in the United States.
3.Describe
the public policies that can be used in the United States to reduce earnings
gaps in its labor market.
4. Briefly explain the purpose of a lender requiring a pledge of
collateral from a borrower in exchange for a loan.
5. Contrast fee-for-service
health care and a health maintain organization.
6. Identify and briefly describe two examples of government run
insurance programs.
7.Briefly
describe the theory of rational ignorance.
8.List
the three main reasons why people in the U.S. don’t vote.
9.Identify
and briefly discuss what research has shown regarding the voting behavior of
people living in a democracy to vote.
10.What
are the effects of a tariff, and who benefits and who loses when tariffs are
imposed? What are the effects of a quota, and who benefits and who loses when
quotas are imposed?
11.What
is the race to the bottom scenario?
12.Define
protectionism as a policy and describe what a country stands to lose when it
enacts such a policy.
