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Conversations About the Economy Learn to make responsible decisions as consumers, savers, investors, entrepreneurs, members of the workforce and effective participants in a global economy with information from the University of Cincinnati's Economics Center's ECONversations blog.
Why It Matters: How Much is Drudgery Worth? You know all those chores your parents expect you to do, but that you really hate doing? Like mowing the grass, taking out the trash, shoveling snow? What if you paid someone else to do them for you?
Two of the basic tenets of economics are comparative advantage and its underpinning, opportunity cost. Each can help you evaluate whether paying someone to do your work makes sense.