Opportunity Cost Example
Here’s a great opportunity cost example. Opportunity cost is the value to you of what you give up when you make a decision. Continue Reading →
Tag Archives: COVID-19
Why US GDP Fell By 4.8 Percent in 2020 Q1
US GDP decreased 4.8 percent in 2020:I. Personal consumption spending fell by 7.78% compared to the previous quarter with spending on services decreasing a whopping 10.63%. Continue Reading →
Reviving the Economy
Reopening the entire state at once is a bad idea. Let local officials decide. Governor Newsom will then blame them when something goes wrong. Continue Reading →
The COVID-19 Relief Bills
First up is the vital necessity of funding audits of elections. I thought there was no voter fraud. Why then do we need audits? Continue Reading →
Unconventional Economic Stimuli for Unconventional Times
Plumbers are seeing increased business due to the panic-induced toilet paper shortage. Wineries, restaurants, and wine shops use creative marketing. Continue Reading →
What Sports Economics Tells Us About COVID-19
How much will aggreage demand fall because of COVID-19? The disparate fields of sports economics and consumer theory can give us some clues. Continue Reading →
COVID-19 Responses Explained
How should we fight COVID-19? One way: “Let it spread quickly and get this over.” Another:, “Take protective measures.” The constraint is the capacity of hospitals. Continue Reading →
Economic Policy and COVID-19: It’s Impossible to Buy Goods and Services That Do Not Exist
It’s Impossible to Buy Goods and Services That Do Not Exist. Therefore, standard macreeconomic policies cannot fight COVID-19. Continue Reading →
How Handwashing Works to Combat COVID-19
The COVID-19 outbreak has led to two admonitions. First, wash your hands. Second, wash your hands for at least 20 seconds. Two Twitter threads on handwashing came up recently. One deals with the chemistry of handwashing. The other contains suggestions for 20 second song clips you can use if you’re tired of singing Happy Birthday twice. Continue Reading →