Some fun questions from this podcast:
- 1. Why is old wine more expensive in the store than new wine that hasn’t been aged as much?
2. What happens to the price of pork of when the price of corn goes up? (Assume that pigs eat corn.)
3. Why are wedding dresses typically bought rather than rented, relative to tuxedoes, which are typically rented rather than bought? (Given that most wedding dresses are worn only once, but men may have many occasions to wear a tuxedo.)
4. Why is it that renting a car in a popular tourist destination like Miami or Los Angeles is typically cheaper than renting a car in a place like Duluth, Minnesota that doesn’t get as much tourist traffic? And why is it often more expensive to rent a bicycle than a car?
5. Why do advance-fee scams persist with unbelievable, poorly-written stories that promise millions of dollars to transfer funds to an overseas prince, instead of using more plausible cover stories?
These do not have precise answers, but are good starting points for discussion.