Self Realization Publications: Business and Economics : Consuming VIDEO The activities and institutions needed to satisfy individual and collective wants are explored in this program. Two students headed for spring break in Florida, experiencing fluctuating gas and motel room prices, learn about perfect competition, scarcity, and arbitrage. A scheme to pick oranges in Florida and sell them in Illinois is thwarted by the transaction costs of licensing, transportation, and storage. A construction boom and the reduction of logging opportunities on public land affect the lumber industry and demonstrate the principles of interdependence, market equilibrium, and shortage. Correlates to National Economics Standards. A 192-page teacher’s guide is included. (52 minutes, color)

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			Consuming

Consuming

The activities and institutions needed to satisfy individual and collective wants are explored in this program. Two students headed for spring break in Florida, experiencing fluctuating gas and motel room prices, learn about perfect competition, scarcity, and arbitrage. A scheme to pick oranges in Florida and sell them in Illinois is thwarted by the transaction costs of licensing, transportation, and storage. A construction boom and the reduction of logging opportunities on public land affect the lumber industry and demonstrate the principles of interdependence, market equilibrium, and shortage. Correlates to National Economics Standards. A 192-page teacher’s guide is included.

52 minutes,
Year: 1996
Closed Captioned

ORDER CODE: FFMBVL33176V
VIDEO

ORDER CODE: FFMBVL33176DVD
DVD