ECON 201 Lecture 10: Econ Class 10 PPT
Document Summary
There is a trade off we cant just make hats. Education * though he says don"t blame testing. You need to learn about trade, and not from the media and politicians. You are part of the most educated generation in the history of the world. You will be able to trade your resources after you graduate (your brain and your labor) for stuff that you are not an expert in. You may have to call a plumber to fix your toilet, but it will be fixed right. Billy only took 2 minutes to fix the attorneys toilet and charged 100 dollars. The attorney was very upset and she said she wouldn"t pay. After he said he would unfix the toilet, she agreed to pay because she didn"t know how to fix it and needed it fixed. Billy fixed the toilet and the attorney bills for legal service.