Monday, January 19, 2015
Bre Kelley, Introduction, Question #6
After reading the introduction, the passage I found the most interesting was "We do a lot of things that we wouldn't do if we had to pay the whole bill." The example that came with the passage was about buying a car. We pay for the car, the maintenance, insurance and gasoline. But we do not necessarily pay for the dangers of driving or the destruction of public roads. Individuals don't have to pay for their behavior, but the rest of society does. I found this passage interesting because it talks about the bigger picture, including air pollution and global warming. The information I got from the introduction is that Economics is about the bigger picture. To understand Economics you can not focus on one group of individuals, instead you have to focus on all individuals in every social group.
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