No. Really. A Self-test, to be self graded.
Below are eight economic statements. Print out this email and mark
your answers from the following scale:
1. Strongly Agree
2. Somewhat Agree
3. Somewhat Disagree
4. Strongly Disagree
5. Not sure
Note that 1 or 2 is a measure of agreement with the statement, and a
3 or 4 is an indication of disagreement.
1. Restrictions on housing development make housing less affordable.
2. Mandatory licensing of professional services increases the prices
of those services.
3. Overall, the standard of living is higher today than it was 30 years ago.
4. Rent control leads to housing shortages.
5. Minimum wage laws raise unemployment.
6. Third-world workers working for American companies overseas are
being exploited.
7. Free trade leads to unemployment.
8. A company with the largest market share is a monopoly.
The key and the context are below. You're on
your honor, now. Don't open it till you have finished the test.
