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Economics Lecture Four (view source)
Revision as of 01:33, September 21, 2009
, 01:33, September 21, 2009→Assignment: better
6. Describe either the "income effect" or the "substitution effect." Take your pick.
6. Describe either the "income effect" or the "substitution effect." Take your pick.
7. Describe the "Law of Demand" and explain in your own words why you think it is usually true.
7. Charity is based on the foundation of a successful free market. Or is a successful free market based on a foundation of charity? Describe and explain which is the cart, and which is the horse (in other words, which comes first or is most important, charity or the free market).
===Honors===
===Honors===