When governments impose restrictions on international trade, this affects the domestic price …
When governments impose restrictions on international trade, this affects the domestic price of the good and reduces total surplus. One such imposition is a tariff (a tax on imported or exported goods and services). See how a tariff impacts price, consumer surplus, producer surplus, tax revenue, and deadweight loss in this video.
The tragedy of the commons occurs when goods are rival but not …
The tragedy of the commons occurs when goods are rival but not excludable. In this video, we explore the intuition, and consequences, behind such goods. Created by Sal Khan.
In imperfect competition, firms have some control over the price they charge, …
In imperfect competition, firms have some control over the price they charge, so the individual firm's demand curve is not horizontal. Learn how that fact also changes the marginal revenue curve in this video.
In real estate transactions there are typically several kinds of escrow accounts. …
In real estate transactions there are typically several kinds of escrow accounts. Explore some of th different escrow real estate accounts in this video.
Economic growth is an expansion of the capacity to produce, not just …
Economic growth is an expansion of the capacity to produce, not just a temporary fluctuation in GDP. In this video, learn about the definition of economic growth and how growth occurs.
Not everyone who isn't working is considered unemployed. Learn how the official …
Not everyone who isn't working is considered unemployed. Learn how the official rate of unemployment is calculated in this video, and learn what it means to be officially unemployed. Created by Sal Khan.
In the video we explore why the marginal utility per dollar spent …
In the video we explore why the marginal utility per dollar spent should be equal for the last increment of either good purchased. Created by Sal Khan.
In the video we explore why the marginal utility per dollar spent …
In the video we explore why the marginal utility per dollar spent should be equal for the last increment of either good purchased. Created by Sal Khan.
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