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American Saturday Night - Brad Paisley
She’s got Brazilian leather boots on the pedal of her German car
It’s a French kiss, Italian ice
By reflecting on the lyrics in the songs, explain how free trade, limited limited trade barriers, liberal immigration policies, and broader markets, increase human welfare.
Welcome To The Future - Brad Paisley
My grandpa was in World War 2
How does technological progress make us better off? Comment by using the two examples provided in the lyrics.
Some Days You Gotta Dance - The Dixie Chicks
It was about five 'til five on Friday
Some days you gotta dance
While most people think of jobs as good things, economists are more likely to think of them as "bads". After reading the lyrics to this song, can you see why?
40 Hour Week (For A Livin') - Alabama
There are people in this country who work hard every day
Hello Detroit auto workers, let me thank you for your time
Lots of people want to be entertainers because they place a high value on fame. What effect might placing a positive value on fame have on wages for the average entertainer? Alabama states "the fruits of their labor are worth more than their pay?" Discuss the correctness of this statement from an economic perspective. Your answer should mention the marginal revenue product of labor.
Rock Island Line - Johnny Cash
Now, this here’s the story about the Rock Island Line
In the song "Rock Island Line," Johnny Cash discusses the transportation of materials through New Orleans. Why do you think they charged different prices for different prices for different types of transported goods? What do we call this practice in economics and why would firms engage in this? Why did it break down in this case?
Baby Girl - Sugarland
black top, blue skies big town full of little white lies,
Dear Mom and Dad please send money,
This country hit from 2005 highlights the risks associated with venturing out on your own. How credible are the promises of “fancy cars and diamond rings and all sorts of shiny things” when you are new in town? What would make these promises more believable? Who can the singer trust in the song? Why is this trust credible? Use game theory to support your answer.
Stuff - Diamond Rio
Delivery truck coming up 'round the bend
Stuff (stuff) stack it on stack it on up
How much is enough? This is the question that Diamond Rio asks in Stuff. The singer keeps buying and does not get very much additional utility from the new purchases. What economic theory can be used to explain this?