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Questions for Naked Economics

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READ: Naked Economics: Undressing the Dismal Science, Charles Wheeland, W.W. Norton, 2003. Completely- cover to cover.

Create a time management plan for your reading schedule to ensure you have ample time to read the book. Set due dates for each chapter and each part of the assignment. Review your schedule with a parent or guardian.

Expectations: Work must be typed, 12 point font, double-spaced. Label each section appropriately with each number. Please check your work for complete sentences and grammatical errors. The answer for each section should be about a half to full page.

Due Date: The first day of the semester. No points will be awarded for late work. Be prepared to participate in a class discussion on the first day of school.

1. Chapter one: In a paragraph, summarize the main points of chapter one. Note that simply listing the bolded statements will get you zero points. There are key ideas and assumptions in this chapter.
2. Chapter two: Explain why incentives matter. What you think about the author’s ideas on black rhino conservation? Explain what perverse incentives are and give examples from a high school student’s life.
3. Chapter three: Summarize this chapter in 1-2 paragraphs. Why might government regulations and lawyers be a good thing? Include specific examples.
4. Chapter four: Summarize this chapter in one paragraph. Include specific examples of government involvement as needed. In another paragraph, be sure to discuss the government’s “grabbing hand” as it licenses and regulates businesses in third world countries versus Capitalist nations.
5. Chapter five:
a. What does information asymmetry have to do with the hiring process, in regards to gender? What does the author feel about this discrimination? Do you agree with him? Explain. What do you feel about his long term solution to this problem?
b. Explain…...

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