Thursday, July 12, 2007

Tell Me Why Economics


Why do people buy bigger houses when they retire and their children are gone?
Why do fast food places promise a free meal if you aren’t given a receipt at the time of purchase?
Why does milk come in rectangular containers, while soft drinks come in round cans?
Why does Apple charge $150 more for black laptops than for equally-configured white ones?
Why are gas tanks built into different sides of cars?
Why do female models earn so much more than male models?
Why do so many supermarkets, even in small towns, stay open 24 hours a day?
Why does the phrase "as seen on TV' appear on print ads and product packages?
Why might an appliance dealer hammer dents into a refrigerator?
Why are brown eggs more expensive than white eggs?
Why do rental car companies impose no penalty for canceling a reservation at the last minute, whereas both hotels and airlines impose significant cancellation charges?

To know the answers read, Robert Franks, The Economic Naturalist

Related podcast on the book.

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