16. Projects

This concluding chapter shifts from structured problem-solving to more open-ended "doing economics" problems, encouraging readers to choose among models, extend existing setups, or even develop new ones to address novel questions. It challenges readers to apply the concepts and skills learned throughout the book to illuminate real-world policy issues, including employment subsidies, private power, domestic labor discipline, guaranteed income, the evolution of dual economies, domestic labor, the apartheid system of racial segregation in South Africa, and the distributional effects of the reduction in tariffs or other trade barriers (for example, the North American Free Trade Agreement, NAFTA).