Temple University Economics Quiz Questions 1. (0, 5 or 10) Do you believe that basic medical care is a right of citizenship? Explain your answer. 2. (0

Temple University Economics Quiz Questions 1. (0, 5 or 10) Do you believe that basic medical care is a right of citizenship? Explain your answer.

2. (0, 5 or 10) Do you believe that The Affordable Care Act (Obamacare) should be repealed? If not, how can it be improved? If you do believe it should be repealed, what parts would you repeal, and how would you replace it?

3. (0, 5 or 10) In Britain, everyone has the right to health care provided by the National Health Service, paid for out of tax revenue. Nevertheless, two-thirds of British citizens earning more than $80,000 per year currently purchase private health insurance. Why would these people opt to “pay twice” for health care services? (HINT: Think of Americans who pay for sending their children to private schools.)

4. (0 or 5) On the issues of health care, do you consider yourself an economic liberal (support the belief that every person in the U.S. should have access to medical care) or an economic conservative (health care is a privilege and should not be subsidized by the government)? Where would you place yourself on this scale (pick a number from 1 to 11)?

1

2

3

4

5

6

7

8

9

10

11

Extreme liberal

Middle of the road

Extreme Conservative

5.(0, 5, or 10) GMO-free soybeans cost about $2 per bushel more than GMO soybeans.

a) How many hours does someone have to work to pay that premium ($2) in the United States, where average wages are about $25 per hour?

b) How many hours does someone have to work to pay that premium ($2) in those African nations where average wages are about 25 cents per hour?

c) Are attitudes towards GMO-free crops likely to be different in Africa and the United States?

6. (0, 5, or 10) American corn farmers receive billions of dollars in taxpayer subsidies each year. These subsidies allow them to sell their grain at prices below what it costs to produce it, particularly for export markets. How do U.S. corn subsidies hurt Mexican farmers?

7. (0 or 5) On the issue of government subsidization of agriculture, do you consider yourself an economic liberal (support government subsidization of agriculture) or an economic conservative (the government should not be subsidizing agriculture)? Where would you place yourself on this scale (pick a number from 1 to 11)?

1

2

3

4

5

6

7

8

9

10

11

Extreme liberal

Middle of the road

Extreme Conservative