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Back to: The Economic Lowdown video series – Presented by The Federal Reserve Bank of Saint Louis
The study of economics is built on the foundation of three very important concepts: scarcity, choice, and opportunity cost. In this episode of the Economic Lowdown video series, economic education Coordinator Scott Wolla uses these three concepts to explain why there is no such thing as a free lunch.
This video series is brought to you by the Federal Reserve Bank of St. Louis. For more information, visit stlouisfed.org.
For more on the series, visit https://www.stlouisfed.org/education/economic-lowdown-podcast-series
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