looking for somebody strong in economic field

Chapter 1 Homework Problems

1.  "There is no such thing as a free lunch."  How does this statement relate to the definition of economics as given in Chapter 1? 

2. State whether each of the following statements is true or false. a. Market transactions are the main way of organizing economic activity around the world. b. Technological change only includes major new inventions or products such as the personal computer, digital camera, etc. c. Deregulation involves reducing government control over one part of the market (such as in the airline industry) in order to increase regulation and control over other parts of the market. d. According to official Gross Domestic Product figures, the United States economy is the second largest in the world, only trailing the economy of China. e. The social safety net in the United States includes such programs as Medicare, Medicaid, Social Security, and Food Stamps. f. Economists are unanimous in their opinion that the government's response to the recession of 2007-8 (the Great Recession) was too small. g. In a centrally-planned economy, most economic activities are controlled by a central government bureaucracy. h. With respect to the economy, laissez faire means that the government should be heavily involved in regulating the economy.

3. Government licensing of professions is common in our economy. For example, one needs a license in order to practice as a beautician, barber, lawyer, dentist, physician, teacher, etc.  Assume that individuals no longer needed teaching certification from the state of Missouri to be a K-12 teacher (there is currently no requirement for a teacher certification for college teachers).  What advantages and disadvantages would you expect to see if there were no certification requirement?

4. For each of the following, indicate whether it is more likely to be the result of economic competition or of government intervention.  Explain your answer in each case. a. Protection against unsafe drugs b. Rapid innovation c. Assistance for low-income families d. Strong economic growth