1. List four factors that likely contributed to the number of workers in the U.S. labor market belonging to unions declining so dramatically since the early 1950s.
2. Briefly compare the wage rates and productivity levels of unionized workers and nonunionized workers in the United States.
3. Describe the public policies that can be used in the United States to reduce earnings gaps in its labor market.
4. Briefly explain the purpose of a lender requiring a pledge of collateral from a borrower in exchange for a loan.
5. Contrast fee-for-service health care and a health maintain organization.
6. Identify and briefly describe two examples of government run insurance programs.
7. Briefly describe the theory of rational ignorance.
8. List the three main reasons why people in the U.S. don't vote.
9. Identify and briefly discuss what research has shown regarding the voting behavior of people living in a democracy to vote.
10. What are the effects of a tariff, and who benefits and who loses when tariffs are imposed? What are the effects of a quota, and who benefits and who loses when quotas are imposed?
11. What is the race to the bottom scenario?
12. Define protectionism as a policy and describe what a country stands to lose when it enacts such a policy.