cost Archives - Econlife

Weekly Economic News Roundup and Queen Elizabeth queues

What It’s Nice To Know About a Queue

While the queue wait for Queen Elizabeth had a high of 14 hours, for other lines, we are only willing to remain for approximately 10 minutes.

Prices

How the Cost of Children Has Changed

Knowing that tomorrow is National Tooth Fairy Day, the Tooth Fairy could be smiling…but not for long. Like most childcare costs, the Tooth Fairy’s expenses have been rising recently. Cost of Children Tooth Fairy If the Tooth Fairy visited your…

Prices

Looking At Global Gas Prices

Looking at global gasoline prices, we can see that what we spend for a gallon is much less than people pay elsewhere.

Entertainment

What Password Sharing Really Means

While our password sharing had been ignored by Netflix, now they’ve become very aware that they have a free rider problem to solve.

Money and Banking

How the ATM’s Twenty Dollar Bills Affect Us

The Atlanta Fed looked at how we spend our twenty dollar bills to see the ATM’s impact on whether we use cash or debit or credit.

Weekly Economic News Roundup and the Concorde

cost and benefit

When the Cost of a Plane and a Wait Are Similar

For the same economic reason, the supersonic Concorde should have been grounded sooner and we irrationally endure long phone wait times.

Learn

Learn With Elaine: Tokyo 2020

Seemingly simple, the pandemic delays that created ticket refunds for the Tokyo 2020 Olympics have an immense cost.

Sports

What Japan’s Olympic Planners Never Bargained For

On the surface, rescheduling the Tokyo Olympics could sound manageable but looking at ticket refunds reveals the gargantuan costs.

Healthcare

How Patents Create Vaccine Tradeoffs

To be sure that vaccine markets travel from the developed nations to developing economies, we might have to accept some costly tradeoffs.

Economic History

How an Elevator Is Like a Traffic Light

Because of the wait time that they force us to sacrifice, elevators and traffic lights are somewhat similar.