Homework #5: Chapter Seven and Related Video Lectures

Read the assigned chapter sections and watch the related video lectures and then write answers to the assigned questions.  Your responses should be written in your own words (do not quote or copy/cut and paste) and should cite your sources.  The textbook should be cited as (Greenlaw & Shapiro: page# or by the section of chapter) and videos should be cited by title and time location (e.g. Specialization and Trade: Crash Course Economics #2: 2:11 - 2:25).  I realize the citation requirement is a hassle but this is an on-line course and I need to see that students (i.e. YOU) are completing the assigned readings and watching the video lectures.