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Dear Alexa, My friends and I went to the movies last weekend, and at the end of the night I realized I paid more for my popcorn, soda and candy, than I did for my actual movie ticket! Why are movie concessions stands so expensive? Please Explain! Kate Well Kate,... [read more]

notes

August 29, 2009
A Cash For Clunkers Fable (external link)

This fable illustrates how David Ricardo would have felt about cash for clunkers. He might have asked us to remember opportunity cost.

Tags: "Buy American, free trade, globalization, opportunity cost, Ricardo, subsidies

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