Questions from Macroeconomics

Q: Under what condition might persons buy more of something than the efficient

Under what condition might persons buy more of something than the efficient amount for them to buy?

Q: What role does opportunity cost play in the theory that birth-

What role does opportunity cost play in the theory that birth-rates are likely to be higher in some countries than others?

Q: What does it mean to say that a theory is falsifiable or

What does it mean to say that a theory is falsifiable or refutable?

Q: A person is more likely to lose his temper with a friend

A person is more likely to lose his temper with a friend than his boss. Do you agree or disagree? Explain your answer.

Q: According to the theory of PSST (patterns of specialization and sustainable

According to the theory of PSST (patterns of specialization and sustainable trade), economic activity can decline in the face of unchanged aggregate demand. How so?

Q: One prediction made in the chapter was that “the owner of

One prediction made in the chapter was that “the owner of a car repair shop in a small town will be more careful not to overcharge customers than the owner of a car repair shop in a large city.” Why?...

Q: Put forth two observations that are inconsistent with the cost-benefit

Put forth two observations that are inconsistent with the cost-benefit theory of burglary discussed in the chapter.

Q: What does the difference between the equilibrium tuition and the student tuition

What does the difference between the equilibrium tuition and the student tuition have to do with instructors holding office hours?

Q: For an economist, is it preferable to assume that criminals are

For an economist, is it preferable to assume that criminals are rational than to build a theory based on a rational criminal and then check the evidence? Explain your answer.

Q: Segregated neighborhoods of blue and green people can be the result of

Segregated neighborhoods of blue and green people can be the result of the people of each color preferring a certain type of integration over segregation. What specifically is the certain type of inte...