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USF Art of Economics Lauded by A Renowned Economist Called Henry Hazlitt Ques

 

I’m working on a business question and need support to help me learn.

1. According Interland (2009) the art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists of tracing the consequences of that policy not merely for one group but for all groups. Discuss

Jeneen Interlandi, “Not Just Urban Leg- end,” Newsweek, January, 19, 2009

2. Children in poor neighborhoods have bleak outlooks on life and do not see much gain to studying. A recent experiment is paying children in poor neighborhoods $100 for each “A” they earn in a six-week grade reporting cycle. How does this affect the children’s behavior?