Economics: Extra Credit Questions
- Goes with readings on expanding waistlines
- Counts toward HW/CW
- Due Monday
- Draw a graph that shows how the market for food has encouraged people to consume more. Explain your graph.
- When it comes to calorie intake, the author considers "time cost" rather than dollar cost. Set up a supply and demand graph with time, not dollars, on the Y-axis. Then show how changes in food processing technology shits the curve(s).
- What is the opportunity cost for a woman to stay home and cook and clean for her family?
- Is it possible that the fall in the price of automobiles during the past 60 years has made Americans worse off? Use the author's logic about food costs to answer and explain.
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