1. Why do you think organized labor groups, such as unions, are supporters of a higher minimum wage, even though all their members earn much more than the minimum wage?

2. Evaluate this statement: "It is not possible to cut tax rates and, as a result, collect more revenue."

3. In most cities of the world, it is necessary to purchase an expensive license - often called a medallion - to operate a taxi or a taxi company.Would you expect the retail price of those medallions to rise or fall in the future?Explain why and how the platform economy will be a part of your answer.

4. Why are all cartels inherently unstable?