This is one of the lessons from NPR’s Planet Money “Summer School Series.” In this 32-minute casting, it talks about some economic concepts that we have learned from our textbook.
Please listen carefully about this piece of story and answer the following questions with a written submission (at least three paragraphs).
Look at some facet of your life that you might not have thought was fundamentally economic. And look again. Now that you’ve listened, can you see market forces at work underpinning the decisions that people are making?