According to the Bureau of Labor Statistics, the all items Consumer Price Index (CPI) dropped from 8.2% in September 2022 to 7.7% for the 12 months ending October 2022 – the smallest 12-month increase since the period ending January 2022. Here is a summary of…
Imagine yourself sitting in a brand new car. The dashboard is free of dust particles, the carpets are pristine, and the air is filled with that new car smell. So, are you ready to go buy a new car? If you are, there’s good news…
When it comes to flying, most passengers have strong preferences over where they sit. Anyone who has flown on Southwest Airlines, which allocates seats on a first-come, first-served basis, rather than assigning them, knows that the middle seat is the least desirable among flyers. As…
According to the Federal Reserve Economic Data (FRED) website, April 2020 recorded the highest unemployment rate during the COVID-19 pandemic at 14.8%. As of September 2022, the unemployment rate reduced to 3.5%; returning to the pre-pandemic level of 3.5% as reported for January and February…
Do you have your Halloween costume yet? If not, you might find yourself making a last minute visit to Spirit Halloween, the discount retailer that pops up across the country signaling the start of the Halloween season. Indeed, for some people, fall would not be…
In 2019, New Zealand was the ranked 17th in emitting 6.8 metric tons per capita of carbon dioxide gases amongst OECD members. Two years later, the Ministry for the Environment released a report – New Zealand Greenhouse Gas Inventory 1990-2019 – identifying the agricultural and…
Discussion Questions: Professional-grade oboes can sell for almost $14,000. If there were more oboe players, do you believe the price of oboes would increase or decrease? Why or why not? Why is it difficult to obtain the material for oboes? And what influence might this…
You’ve probably seen the headlines indicating that the United States is experiencing one of its worst inflationary periods in recent history. You’ve almost certainly experienced higher prices at the grocery store and at the gas pump. Indeed, driving past gas stations where prices are prominently…