1. Which US state has the strongest economy?
2. What MACROECONOMIC criteria are you using to make your assessment?
3. Would your answer have been different before the pandemic?
Explain!
Focus on Foundational Themes:
People are rational
People respond to incentives
Optimal decisions are made at the margin
Choices require tradeoffs
Benefits are what are gained; costs are what is given up.
1 reference is enough.
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