Posts Tagged ‘opportunity cost’

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    The Cost of a Family

    Dec 23, 10 • 152 Views • Economic History, Gender Issues, Households, Labor, Thinking EconomicallyNo Comments

    The cost of having a family has gone up and it has gone down. In its annual report on the average cost of raising a child in a middle income family, the Department of Agriculture said from 2008 to 2009, the amount has risen by 1%. A child born during 2009 is

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    Unintended Green Incentives

    Dec 19, 10 • 160 Views • Behavioral Economics, Demand, Supply, and Markets, Developing Economies, Economic Debates, Environment, Households, Regulation, Thinking EconomicallyNo Comments

    True or False? When we become more energy efficient, we use up fewer resources. This New Yorker Magazine article says maybe. Citing the “rebound effect,” the article briefly takes us back to Williams Jevons, England, and 1865. In a book called The

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    A Unique Gift Idea

    Dec 10, 10 • 173 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 • 196 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 • 171 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