Economics Quiz 2, Possible Essay Questions for Janus’ Classes 1. Please explain the “present bias.” Cite examples. 2. Why does the author of “ The Cognitive Biases Tricking Your Brain” think that the “confirmation bias” is the most “pervasive and damaging”? Please provide some of the proof that the author cites for this statement. 3. Why does Ariely think that the truth is relative? Please cite examples of this relativity from his book and your own life. 4. Please explain elasticity. Why is it critical that the owner of a business understand this term and employ the concept of elasticity in running their enterprise?
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Showing posts from September, 2018
China Retaliates after the United States Imposes New Tariffs
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Dominos Offered Free Pizza for Life
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https://www.wsj.com/articles/dominos-offered-free-pizza-for-life-in-exchange-for-a-logo-tattoo-it-found-people-really-like-ink-1537120377?emailToken=611f7bc106df3b8fa352ab523a130e604DDeEqRFizdmhv1e5er/+P8WjxEkmqE9lK4whxv9e0j07TxBkigvHAmFqLggrdQTqOOAfTB/gtP+TRgrimFHuJIL3uK9Z/FYBnTOKgtWUIZiMhFAkJpvtFgU+1h9rwScaPHxDmuBn12tVndux5RTNzF5n27OdPcvHC9DJeEGZuw%3D&reflink=article_copyURL_share
I Came of Age During the 2008 Financial Crisis. I’m Still Angry About It.
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Possible Economics Quiz questions. I will choose TWO of them for you to write on 1. What are the costs and benefits of the Amazon Way? 2. What are the costs and benefits of markets? 3. What are the economic concepts that the Production Possibility Curve demonstrate? Be specific and use examples. 4. What are the specific roles that government can play in the economy? Cite examples.
The Recovery Threw the Middle-Class Dream Under a Benz
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Buffett recounts his role in the financial crisis of 2008
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Hard Lessons (Thanks, Amazon) Breathe New Life Into Retail Stores
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