Economics
The cost of going to college is often greater for older students than for younger students, just as the cost of committing crimes is lower for young people than for older people. Why?
Economics
If you are not charged a price for the consumption of a good, the good must be a free good. True or false?
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Economics
A professor posted the following sign over a stack of books he was trying to give away outside his office: “These books are not, of course, free.
But you may have them if you wish, for no charge.”What did he mean?
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Economics
It is often asserted that Americans are wealthy because their nation is blessed with a generous endowment of natural resources. Yet American Indians, who had the same resources, barely existed at a subsistence level. Why did the colonists, and their descendants, become rich? Why were the Indians poor?
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