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Should the firefighters have saved the house in Front Page Economics "Firefighters watch as house burns to the

ground"? What was the justification for their belated intervention.

Why might Fourth of July fireworks be considered a public good? Who should pay for them? Should airport

security be considered a public good?

What is the specific market failure justification for government spending on a. public universities or community

colleges, b. health care, c. trash pickup, d. highways, e. police and fire protection. Would a purely private

economy produce any of these services?

Which taxes hit the poor the hardest -those of local, state or federal government? Name a tax you see as

regressive and give the reason why.

Assume there is a shortage of parking spaces at a college. How could the college help resolve the parking

shortage. Consider the Supply Curve as well as the Demand Curve in your analysis.

The shortage in the organ market (figure 3.8) requires a nonmarket rationing scheme. Who should get the

available organs? Is this fairer than the market drive-distribution. How can our government convince or gently

sway more people to become organ donors?

Discuss two products you have more demand for (today and going forward as compared to the past) and two

products you have less demand for. For example one may have less demand for gasoline if they purchased an

electric car. One may have more demand for "work out" clothing if they are starting a daily exercise routine.