Learning Motivator II Senior Seminar

November 11, 1997

  1. Please provide two pros and two cons of the death penalty as discussed during our debate.
  2. Pro 1

    Pro 2

    Con 1

    Con 2

     

  3. Please provide two pros and two cons of the DARE program as discussed during our debate.
  4. Pro 1

    Pro 2

    Con 1

    Con 2

     

  5. Please provide two pros and two cons of legalizing drugs as discussed during our debate.
  6. Pro 1

    Pro 2

    Con 1

    Con 2

     

  7. In item 1: If po = p1, how many units of the good will be sold by one store?
  8.  

  9. In item 2: What does the left side of equation 1 mean in words?
  10. (I will also give 5 bonus points to anyone who can identify a typo in one of these equations.)

     

  11. In item 3: If e = 1/2 and the price of alcohol increases by 10%, what will happen to drunk driving?
  12.  

     

  13. Give an example of an external cost and an internal cost of drinking in the absence of drunk driving.
  14.  

     

  15. Please briefly define:
  16. hedonic

     

    adverse selection

     

     

  17. Why does economic theory predict that all cars on used car lots are lemons?
  18.  

     

     

     

     

     

     

     

     

     

  19. What does Gary Becker say about the rationality of criminals?
  20.  

     

     

     

     

     

     

  21. How does Kip Viscusi recommend that we measure the value of human life? (You do not need to explain the math, just the intuition behind the idea.)