Possible Econ quiz qestions for Janus' classes

By Anonymous -
You will be asked to answer THREE of the following four questions. My choice.

1. What is Wheelan's assessment of supply-side economics? Compare it to Ricardo's, 'The Iron Law of Wages." How do both these concepts relate to  Marx's conception of ideas?

2. Why are consumers in this country so prone to consume and not save? What did Ariely propose to do about it and what was the big banks' reaction?

3. In the realm of education, what direction is "No Child Left Behind" pushing American educational policy? What does Ariely suggest we do about it?

4. Tell me a story from your own life that deals with at least 2 of the 4 following economic concepts: moral hazard, adverse selection, screening, and signaling.

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