Just Ask Jenna: An Introduction

by Jenna C, ’26

Dear Readers,

Hi there! My name is Jenna. Over the past few years, I have grown to really enjoy economics, not just as a subject in school, but as something that shows up in everyday life. This inspired me to start Just ask Jenna to answer everyday questions with economics in a way that is clear and approachable. My goal is for this page to be a fun spot where everyday questions can turn into simple, engaging explanations that make economics feel more interesting and enjoyable. Ultimately, I want to share what I love about economics in a way that connects it to all of us.

Have any questions for Jenna? Please just ask!

Sincerely,

Jenna 

Let’s get started!

Dear Jenna, 

I am a mom about to buy a puppy for my family and I want to be sure my kids care for it. How can I be sure that my children will stay on top of their tasks when they have not been very responsible in the past?

Sincerely,

Hopeful Dog Owner

Dear Hopeful Dog Owner,

A new dog is definitely exciting, but you’re right! It’s also a lot of work. The best way to get your kids involved is to help them understand that owning a dog is about choices. In economics, there is a simple concept called opportunity cost, or the next best choice. It essentially means that whenever you choose to do one thing, you give up the chance to do something else. 

For your kids, the opportunity cost of taking care of the dog might be giving up some video game time or scrolling through TikTok. But on the flip side, the opportunity cost of not taking care of it is missing out on the fun of having a dog. No playing fetch, going on walks, or running around the yard. 

I think you should sit down with your family and talk through what everyone both gains and gives up by having a dog. Once your kids realize that the “cost” of walking the dog is small compared to having a cute, loyal best friend, they might be a lot more willing to step up. 

If you frame it this way, your kids can see that their decision isn’t just about chores, but about trade-offs too. Most people, after giving it some thought, choose the option with the greater benefit. 

In both economics and life, the key is to weigh what you give up against what you gain. 

Best of luck!

Jenna

*Econlife created this first question as an example of Just ask Jenna.

Disclaimer

The information provided from Just Ask Jenna is for informational and educational purposes only and should not be construed as professional advice. While every effort is made to ensure the accuracy and reliability of the information shared, the author makes no guarantees of any kind regarding completeness, accuracy, or suitability for any particular purpose.

All opinions expressed are solely those of the author and do not represent any affiliated organizations or entities.