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Economy Museum Virtual Tour, Part 2 | How People Make Economic Decisions

Summary:
#virtualfieldtrip #virtualtour #museum #museumfromhome How do you make economic decisions … like whether to take a family trip or buy a new phone? Your virtual tour guide Matuschka will take you inside the Federal Reserve Bank of St. Louis’ Economy Museum. Learn about economic concepts like scarcity and opportunity cost that can help you make choices. FUN FACTS: -Economist Milton Friedman is credited with the saying, “There’s no such thing as a free lunch.” -One in 10 U.S. jobs depends on travel and tourism. -There is a direct relationship between more education and higher pay. The more education one has typically results in a higher wage. TEACHERS: Coming soon! Assign this virtual field trip to your elementary, middle and high school students using our free teacher portal:

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#virtualfieldtrip #virtualtour #museum #museumfromhome How do you make economic decisions … like whether to take a family trip or buy a new phone? Your virtual tour guide Matuschka will take you inside the Federal Reserve Bank of St. Louis’ Economy Museum. Learn about economic concepts like scarcity and opportunity cost that can help you make choices. FUN FACTS: -Economist Milton Friedman is credited with the saying, “There’s no such thing as a free lunch.” -One in 10 U.S. jobs depends on travel and tourism. -There is a direct relationship between more education and higher pay. The more education one has typically results in a higher wage. TEACHERS: Coming soon! Assign this virtual field trip to your elementary, middle and high school students using our free teacher portal: www.econlowdown.org. It’s the perfect tour for distance learning. After each segment (four total), students will take a quiz to test their knowledge. This segment is titled “How People Make Economic Decisions.” MORE INFO: https://www.stlouisfed.org/inside-the-economy-museum Economy Museum Virtual Tour, Part 2 | How People Make Economic Decisions
About FRED Blog
FRED Blog
The Federal Reserve Bank of St. Louis is the center of the Eighth District of the Federal Reserve System. This District includes Arkansas, eastern Missouri, southern Illinois and Indiana, western Kentucky and Tennessee, and northern Mississippi.

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