Q: Clear-cutting a forest adds to GDP the value of the
Clear-cutting a forest adds to GDP the value of the timber, but it also destroys the forest. How should we value that loss?
See AnswerQ: What jobs are likely part of the underground economy?
What jobs are likely part of the underground economy?
See AnswerQ: How does XM Satellite deter nonsubscribers from listening to its transmissions?
How does XM Satellite deter nonsubscribers from listening to its transmissions? Does this make radio programming a private good or a public good?
See AnswerQ: How might free markets help reduce global poverty? How might they
How might free markets help reduce global poverty? How might they impede that goal?
See AnswerQ: Should the government be downsized? Which functions should be cut back
Should the government be downsized? Which functions should be cut back? Which ones should be expanded?
See AnswerQ: Are you better off today than a year ago? How do
Are you better off today than a year ago? How do you measure the change?
See AnswerQ: The value of total expenditure must equal the value of total income
The value of total expenditure must equal the value of total income. Why?
See AnswerQ: Over 4 million websites sell a combined $100 billion of pornography
Over 4 million websites sell a combined $100 billion of pornography a year. Should these sales be included in (a) GDP and (b) an index of social welfare?
See AnswerQ: How can the outsourcing of U.S. computer jobs generate
How can the outsourcing of U.S. computer jobs generate new U.S. jobs in construction or retail trade?( See News, page 127)
See AnswerQ: Would it be advantageous to borrow money if you expected prices to
Would it be advantageous to borrow money if you expected prices to rise? Would you want a fixed-rate loan or one with an adjustable interest rate?
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