8. Give examples of demand shifting from one product to another.
Note.—For a more detailed discussion see works cited: Smart, 18-33; Böhm-Bawerk, 159-169; Wieser, 16-36.
Chapter 5. Exchange in a Market
1. Are merchants producers of wealth, or are their profits merely subtracted from the wealth already produced?
2. Is the railroad productive? Why?
3. Give examples within your observation of improved productive processes increasing exchange; of the reverse.
4. Why is exchange profitable if it is fair?
5. Would doubling all commodities affect their exchange value?
6. Is part of a stock of goods ever worth more than the whole? Examples.
7. Do you ever take account of a difference of five cents in deciding whether to purchase?