There is No Such Thing as a Free Lunch - Economic Lowdown

#opportunitycost #teachecon

The study of economics is built on the foundation of three very important concepts: scarcity, choice, and opportunity cost. In this episode of the Economic Lowdown video series, economic education Coordinator Scott Wolla uses these three concepts to explain why there is no such thing as a free lunch.
Instructors, learn more at: https://www.stlouisfed.org/education/...

• #education
• #economics
• #st_louis
• #scarcity
• #opportunity_cost
• #choice