Why can’t we consume as much of each good or service as we would like? If we become richer in the future, do you think we will eventually be able to consume as much of everything as we would like? Why...

Why can’t we consume as much of each good or service as we would like? If we become richer in the future, do you think we will eventually be able to consume as much of everything as we would like? Why or why not?

Suppose that in an effort to help low-skill workers the government raises the permissible minimum wage to $10 per hour. Can you think of any unintended secondary effects that will result from this action? Will all low-skill workers be helped by the minimum wage law?

Should the United States attempt to reduce air and water pollution to zero? Why or why not?