Last time, we talked about price: how markets establish prices, and how different products are affected by the forces of supply and demand.
This week, we are going to talk about cost: what must be sacrificed in order to obtain something?
Seminar: "a class at a college or university in which a topic is discussed by a teacher and a small group of students" ↩
Closed-ended questions results in a yes or no answer. Open-ended questions allows for discussion. ↩