Posts Tagged ‘opportunity cost’

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    A Unique Gift Idea

    Dec 10, 10 • 102 Views • Government, Thinking EconomicallyNo Comments

    Would you like a bus stop named after you? In Chicago, you could do it. The message here is that naming opportunities have been created in order to raise money for municipalities. You could catch a train at an AT&T subway stop in Philadelphia. Or, you...

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    State Finance

    Dec 6, 10 • 141 Views • Government, Households, Thinking EconomicallyNo Comments

    Which state postponed a pension fund payment of $3.1 billion because of big budget problems and had a 2.4% decrease in its real GDP? (Still though, this state has the second highest median income.) The answer? New Jersey. New Jersey, though, is not alone. Jon...

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    Economic Insight

    Nov 26, 10 • 111 Views • Environment, Thinking EconomicallyNo Comments

    Have you ever looked at “The 3 Little Pigs” through an economic lens? Referring to the third little pig, Harvard economist Edward Glaeser suggests the fairy tale is about investing wisely. In my econ class, a student used opportunity cost analysis...

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    Demand, Supply, and Knee Replacement

    Nov 15, 10 • 104 Views • Demand, Supply, and Markets, Government, Households, Innovation, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Hearing about knee replacement surgery from a friend, I soon realized it is about much more than an operation. It involves demand, supply, innovation, and the quality and cost of national medical care. First the facts: For knee replacement surgery, patients...

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    Trash and Trade

    Nov 5, 10 • 105 Views • Economic Thinkers, International Trade and FinanceNo Comments

    A WSJ article tells us “Memo to All Staff: Dump Your Trash.” But should they?According to the article, Texas state workers, Phoenix city workers, and Dartmouth college professors have all been told to take out the trash. Texas, as a result, is...