1. What are the three interrelated features of the economic perspective?

2. Why do economists use the "other-things-equal assumption?

3. Laissez-faire capitalism, the command system, and the market system differ in important ways. Compare and contrast the economic systems.

4. Who will get the output from a market economy? Explain.

5. Explain the difference between an increase in supply and an increase in the quantity supplied.

6. What are the economic problems with price floors? How have they been used by government?