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business
foundations macroeconomics
Questions and Answers of
Foundations Macroeconomics
Do you think that REI workers will shop or spend the day with family? Explain your answer.
What is REI’s incentive to give its workers Black Friday off? Was REI’s decision made in self-interest or in the social interest? Explain your answer.
With Black Friday off with full pay, explain what is free and what is scarce.
Pam, Pru, and Pat are deciding how they will celebrate the New Year. Pam prefers to take a cruise, is happy to go to Hawaii, but does not want to go skiing. Pru prefers to go skiing, is happy to go
Provide three examples of scarcity that illustrate why even the 1,826 billionaires in the world face scarcity.
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