Tuesday, November 23, 2010

Application of econs into everyday life

s*Mel passes over a box of cheese biscuits* "You can have them."
Me: "Are they not vegan?"
Mel: "Nope and we have a box lying at home, subject to my brother's mood swings so you can take them."
Me (haven't had lunch after mad dash to Mexican Embassy): "Thanks."

- Hist lecture starts-
Mel (in typical fashion): "Can I borrow a pen?"
Me (pretends to look annoyed, in typical fashion): "Hmm, since you gave my biscuits... alright."
Mel (casually): "Just so you know, the terms of trade aren't in my favour."
Me: "No Mel, in such cases, this is called dumping."

Both of us crack up before we face economic history, yet again.

Mel's my grocery store, and I'm her stationary shop. It's a mutually beneficial relationship since we have a comparative advantage in our individual areas. *straight face*

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