Tuesday, June 22, 2010

Economic Enlightenment Survey

A very interesting Survey on Economic Enlightenment. The link is http://econjwatch.org/articles/economic-enlightenment-in-relation-to-college-going-ideology-and-other-variables-a-zogby-survey-of-americans, which contains more info on how/what kind of people did on this Survey.


1. Restrictions on housing development make housing less affordable.
2. Mandatory licensing of professional services increases the prices of those
services.
3. Overall, the standard of living is higher today than it was 30 years ago.
4. Rent control leads to housing shortages.
5. A company with the largest market share is a monopoly.
6. Third-world workers working for American companies overseas are being
exploited.
7. Free trade leads to unemployment.
8. Minimum wage laws raise unemployment.

And all the answers should be of type "Generically speaking", or "statistical" nature.

And the answers are:




















1. Restrictions on housing development make housing less affordable.
Yes
2. Mandatory licensing of professional services increases the prices of those
services.
Yes
3. Overall, the standard of living is higher today than it was 30 years ago.
Yes
4. Rent control leads to housing shortages.
Yes

5. A company with the largest market share is a monopoly.
No
6. Third-world workers working for American companies overseas are being
exploited.
No
7. Free trade leads to unemployment.
No

8. Minimum wage laws raise unemployment.
Yes



So how did you do?

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