Lachana SiggersMicroeconomics 2600 – CRN 305652Homework 1
14. Economists say that individuals make decisions at the margin. What does this mean?
21. The difference between positive economic statements and normative economics?
Chapter 21.Describe how each of the following would affect the U.S. production possibilities frontier: (a) an increase in the number of illegal aliens entering the country; (b) a war; (c) the discovery of a new oil field; (d) a decrease in the unemployment rate; (e) a law that requires individuals to enter lines of work for which they are not suited.