1. Difference between positive and negative externalities?
2. Explain a command and control regulation
3. List the 3 U.S. governmental policies to encourage innovation
4. What is a public good?
5. Explain how firms choose between sources of financial capital
6. What is an IPO?
7. What is the difference between a stock and bond?
8. What is the progressive tax system?
9. Explain economic inequality and how the poverty line is determined
10. Explain the poverty trap.