Tag: economics

Why “Buy one, get one free” isn’t a great deal

Why “Buy one, get one free” isn’t a great deal

This is a coupon for Burger King’s Croissan’wich, and it’s promoting a buy one get one deal. Buy one breakfast sandwich at full price get a second. But one customer found that something was off about the deal: when she was charged two different prices for the sandwich. When she ordered a single sandwich, the …

Specialization and Trade: Crash Course Economics #2

Specialization and Trade: Crash Course Economics #2

Adriene Hill: Hi I’m Adriene Hill. Mr. Clifford: And I’m Mr. Clifford. Welcome to Crash Course Economics. Adriene: Here at Crash Course, we recognize that difficult subjects are sometimes fraught with truly unintelligible vocabulary that’s difficult for us regular people to understand. Mr. Clifford: But it doesn’t have to be that complicated. Remember, economics is …

How to Enrich a Country: Free Trade or Protectionism?

How to Enrich a Country: Free Trade or Protectionism?

One of the most pressing choices facing modern economies is whether to adopt a policy of free trade or of protectionism, that is, whether to encourage foreign goods into the country with minimum tariffs and allow industries to relocate abroad; or whether to make it hard for foreign firms to sell their goods internally and …

John Stossel – Does Free Trade Exploit the Poor?

John Stossel – Does Free Trade Exploit the Poor?

At this Anti-Globalization protest, they carry an effigy of the greedy industrialist with blood on his hands. American businesses are sharks that prey on the world. Well-intended people are upset when they travel to poor countries and see sweatshops were even children work. Free trade they say, causes this kind of suffering. We think more …