<p>Economics Mr. Bekemeyer "The Economics of Information" (Naked Economics) Please type your responses and include the questions.</p><p>1. Can you propose a way to "save" the Hope Scholarship program proposed by the Clinton Administration from the problem of "adverse selection?" </p><p>2. "More important, they [professional women taking maternity leave and/or quitting] impose a cost on other women." I'm simply asking you to react to this analysis. You can do this at an economic level, an equality level, a moral level, or whatever combination of levels that work for you.</p><p>3. What would you do to clean up the problems of information in the used-car market? Does technology like "Car Soup" and the like help or hurt with this effort?</p><p>4. On page 90, a quote from The Economist magazine explains the "looming quandary" genetic testing may pose for the health care industry. What should we do?</p><p>5. Most of you are headed off to college next year. Take a crack at the "chicken/egg" question about the value of a "Harvard-like" education that is introduced on pp. 93-94. (You can also react to the results of the Krueger study.)</p><p>6. Jump into the racial profiling debate started on pages 95 and 96. "Does race or ethnicity... convey meaningful information? If so, what do we do about it?"</p><p>7. Respond to the following terms: "Adverse Selection" (Page 82+) "Screening" mechanism (Page 89) "Branding" (Page 91+) Perfect Competition (Page 92) Branding versus commodities (Page 92) Signaling (Page 93+).</p><p>8. Basic economic models assume that all parties have “perfect information.” How does “informational asymmetry” undermine our market economy?</p><p>9. What did you find interesting? Has the idea of the "ECONOMICS OF INFORMATION" ever applied to you?</p>