Posts Tagged ‘opportunity cost’

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    A Conservation Dilemma

    Sep 21, 11 • 412 Views • No Comments

    Should the Dunes Sagebrush Lizard (aka the Sand Dune Lizard), a 3-inch striped reptile, be listed under the Endangered Species Act? Here is the problem. The home of the Sand Dune Lizard is also the home of the Permian Basin which, according to Forbes,......  [read more]

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    Oil Worries?

    Sep 19, 11 • 427 Views • No Comments

    Have you ever heard of Hubbert’s Peak?  No, it is not a mountain. Hubbert’s Peak refers to our oil supply. In 1956, Marion King Hubbert warned us that U.S. oil production would peak within 15 years. And, the only direction after the peak is......  [read more]

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    Too Safe?

    Sep 13, 11 • 529 Views • No Comments

    Assume for a moment that you have to decide whether to install body scanners at every airport in the U.S. Knowing a decision to proceed will make everyone safer, you say, “Yes.” But, what if you first were told that there was a 1 in 3.5 million......  [read more]

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    Can We Afford to Change the US Postal Service?

    Sep 12, 11 • 534 Views • 1 Comment

    There are so many reasons not to change the US Postal Service. For tough to reach rural communities, post offices are conveniently located. For homebound elderly, 6-day dependable prescription delivery is crucial. USPS workers have been promised generous......  [read more]

  • An Upward Dow Helps an Incumbent President

    Interesting Debt Facts

    Jul 26, 11 • 408 Views • No Comments

    1. China and the Social Security Trust Funds have more in common than you would expect. The public has purchased $9 trillion of U.S. debt. China holds $1.1 trillion of the publicly held total. The U.S. government bought $4.6 trillion of its own debt. The......  [read more]