1. What does the author mean when he says, "money can buy you time, which is why we pay physicians and pharmaceutical companies after we have heart attacks"?
I think it might mean that people that have the hardest work or the people who work for the best get the more money .
2. Reread the paragraph that starts "But 25% more pay is not the heart of the matter." The author then says, "People who start businesses are more likely to get rich than anyone else." According to the author, why is this true?
It might be true because the people that work the most and are able to keep a business going and going the harder and harder you work the more money and money you get for that business
3.Explain in your owns words what the heading "The High Cost of Leisure" means given what has been covered so far in the article.
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6nbsp; It was the major blessing of slave-ownership . The basis of the good life .
4. In what year in human history did productivity begin its "steady upward rise . . . of 2.5% per annum"?
Beginning in the mid 18th .
5. What was Thomas Edison's contribution to "overcoming nature"? How did his invention overcome nature?
He Overcame nature by inventing Air Conditions . The ancient ryhthms of night and day and the season have been overcome in homes and work places .
6. According to the author, how do most of us overcome nature?
The battle with nature is not worth the extra effort . They want paid vacations . We overcome nature with tools not with not with hard physical labor .
7. According to the author, why do most people don't like to work?
People do not like to work because they don't like their work .
8. According to Dr. North, how many hours does it take for a person to become competent with something? Divide that number by 365 and you will get the number of years it takes to be competent. How many years does it take for someone to be competent at computer engineering or selling real estate? How many years does it take for someone to be a master of a skill?
A bachelor's degree takes most people five years to earn. If we think of a work week as 40 hours, that's an investment of 50 x 40 x 5 = 10,000 hours. Knock off 30% for vacations, where you get a low-paying part-time job: so, 7,000 hours. When you graduate, you are not a master of anything except the ability to tolerate bore
9. Gary North's article promotes and privileges creators over consumers. He says, "What most people do not recognize early enough is that they should find employment in a field in which the compounding process produces a sense of personal achievement that lures them back into an ever-greater investment of their time. The compounding process is what produces success, but the front-end costs, especially psychological costs, keep out most people. They willingly serve as salary earners rather than creators." What does he mean by the "compounding process"?
I think compounding process means for me , if you go for it knowing that its a better thing and opportunity for you its a better idea to take that than let it pass by and not do anything about it , just take the chance and hope it works out .
10. In his section on "The Problem With Schools," Gary North says that great teachers are not allowed to multiply themselves. What does he mean by multiplying one's self?
I think it might mean as in multiply themselves as in shows more for themselves as others . To not get carried away with them being good teachers .
11. According to Dr. North, who in the free-market is king and the person to whom we should serve?
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12. What lesson can you learn from the following story. "There is a man in my church who owns and operates motels. Back in the 1980s, he was in college, earning a degree in physical education. He was also making $60,000 a year in the motel business. His coach told him to quit school. "You're making more money than I am. Why do you want to teach junior high school boys, whose parents will be on your back to give their kid more playing time?" He wisely dropped out of college."
I think it means to me that if i got a better opportunity and its a better idea for me not for others but for me then I should go for it leave things behind and just live for something i am good at .
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