(3) gov. makes market economy possible: rights, laws, regulations
17. Open Ended
30 seconds
1 pt
(3) public goods
18. Open Ended
30 seconds
1 pt
(3) redistribution
19. Open Ended
30 seconds
1 pt
(4) gov. inefficiency
20. Open Ended
30 seconds
1 pt
(4) gov. allocation vs. private allocation
21. Open Ended
30 seconds
1 pt
(4) effects of regulation
22. Open Ended
30 seconds
1 pt
(4) effects of taxation
23. Open Ended
30 seconds
1 pt
(5) adverse selection
24. Open Ended
30 seconds
1 pt
(5) firm screening
25. Open Ended
30 seconds
1 pt
(5) branding provides info
26. Open Ended
30 seconds
1 pt
(5) branding vs. commodities
27. Open Ended
30 seconds
1 pt
(5) signaling mechanisms
28. Open Ended
30 seconds
1 pt
(6) human capital
29. Open Ended
30 seconds
1 pt
(6) job creation
30. Open Ended
30 seconds
1 pt
(6) effects of human capital on standard of living
31. Open Ended
30 seconds
1 pt
(6) productivity
32. Open Ended
30 seconds
1 pt
(6) income inequality
33. Open Ended
30 seconds
1 pt
(7) purposes of financial instruments
34. Open Ended
30 seconds
1 pt
(7) efficient markets + index funds
35. Open Ended
30 seconds
1 pt
(7) investment guidelines
36. Open Ended
30 seconds
1 pt
(8) interest groups + politicians' incentives
37. Open Ended
30 seconds
1 pt
(8) some regulations benefit business
38. Open Ended
30 seconds
1 pt
(8) tyranny of the status quo
39. Open Ended
30 seconds
1 pt
(9) importance of GDP
40. Open Ended
30 seconds
1 pt
(9) real vs. nominal GDP
41. Open Ended
30 seconds
1 pt
(9) GDP per capita
42. Open Ended
30 seconds
1 pt
(9) GDP growth + wage growth
43. Open Ended
30 seconds
1 pt
(9) GDP misses social progress
44. Open Ended
30 seconds
1 pt
(9) recessions
45. Open Ended
30 seconds
1 pt
(9) fiscal policy
46. Open Ended
30 seconds
1 pt
(9) monetary policy
47. Open Ended
30 seconds
1 pt
(9) other "vital signs" policymakers would ask for upon waking from a coma: unemployment, poverty, income inequality, gov. budget, deficit, current account, national savings, demographics