This section is from the book "Elementary Economics", by Charles Manfred Thompson. Also available from Amazon: Elementary Economics.
1. Why should history be called a social science?
2. What is the essential difference between political science and law?
3. What is meant by the expression "legal ethics"?
4. Under which social science should a study of charity be made? Why?
5. What is the interest of the historian, the political scientist, the sociologist, and the economist in the following social subjects: a. Farm tenancy?
b. Presidential elections?
c. Corruption in city politics?
d. Expansion of foreign commerce?
e. The Great War?
/. Railroad development? g. The post office?
6. What is meant by the expression "individual viewpoint"?
7. How can the expenditure of public money for river or harbor improvements be justified ?
8. Why does society bear a portion of the expense of public education?
9. How does education increase industrial efficiency?
10. Can an individual be industrially efficient and at the same time be cultured? Explain.
11. Just how, if at all, does training for industrial efficiency lessen the desire and ability of an individual to be a good citizen ?
12. Define "wealth."
13. Explain the effect of prices on wealth.
14. What is the difference between wealth and welfare?
15. Why, since nature is so bounteous in the tropics, are the people of Central America relatively poor ?
16. Why are the people of the Arctic regions relatively poor?
1. Mention three or four public improvements in your community. What interest do they hold for you as a student of: a. History?
b. Political science (civics) ?
c. Sociology ?
d. Economics?
2. Do students ever have individual viewpoints which society would not sanction, as to methods of: a. Earning money ?
b. Securing academic credit?
c. Spending leisure time?
d. Using school equipment ?
3. Enumerate the motives that cause young people to attend high school or college.
a. Comment on these motives. 6. Are any of them selfish?
c. Are any of them entirely unselfish?
d. Would society wholly condemn any of them?
4. Air and sunlight are free goods. Name others.
5. May a free good ever become an economic good ? Give examples.
6. Name five articles that are clearly wealth; and five that are not wealth. Which of the following: are wealth: a. Salt in the ocean?
b. Weeds?
c. English sparrow?
d. Submarine? 3. Rose bush?
f. Egyptian mummy? g. State penitentiary? h. Burglar's tools? i. Mississippi River? j. Climate ?
1. What are the characteristics of a practical man? Explain your answer to each of the following: a. Is the wealthiest man in your community practical ?
b. Do you know of any practical man that is not wealthy?
c. Is the governor of your state a practical man?
d. Is Rockefeller practical?
e. Were Presidents Washington and Lincoln practical?
2. A public speaker recently declared that the typical American city would vote to have its alleys paved with sterling silver, provided the bill was paid out of the federal treasury. Comment.
3. The opinion is generally held in the United States that society ought to provide free public education.
a. What does "free public education" mean?
b. Are free textbooks usually provided for high schools?
c. Who pays the expense of students in state normal schools and universities ?
d. Why do state universities usually charge law and medical students a relatively high tuition?
e. Is free public education free ?
. 4. If $1000 a year is a fair wage for a family in Florida, what would be a fair wage for an Iowa family that spends $100 a year for coal? an Eskimo family that spends $500 a year for whale oil to be used for heating purposes?
Bullock, C. J., Introduction to the Study of Economics, 3d ed., (Silver
Burdett & Company, publishers, New York, 1908), pages 84, 87,
129. Ely, R. T., Outlines of Economics, 3d ed., (The Macmillan Company, publishers, New York, 1916), pages 105-108. Fetter, F. A., Economics, (The Century Company, publishers, New
York, 1915, 2 volumes), Vol. I, pages 3-12. Fisher, I., Elementary Principles of Economics, (The Macmillan Company, publishers, New York, 1913), pages 4-13. Johnson, A. S., Introduction to Economics, (D. C. Heath & Company, publishers, New York, 1909), pages 1-19. Seager, H. R., Principles of Economics, (Henry Holt & Company, publishers, New York, 1913), pages 50-60. Seligman, E. R. A., Principles of Economics, 5th ed., (Longmans,
Green & Company, publishers, New York, 1912), pages 8-20. Taussig, F. W., Principles of Economics, 2d ed., (The Macmillan
Company, publishers, New York, 1915, 2 volumes), Vol. I, pages 3-14.
 
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