3 ms·
My apologies. I was taught that term in 7th grade econ. I assumed it was common vernacular.
by altruios 5mo ago
My apologies. I was taught that term in 7th grade econ. I assumed it was common vernacular.
- no-name-here 5mo agoEven among college graduates, only 17% could correctly answer a basic econ question (pre-AI) [1]. I looked up one ~1,000 page econ textbook, and it does not seem to mention price "discovery", or at least the only uses of the word "discovery" were about things like a scientific/oil discovery [2]. "Even high-achieving students demonstrate relatively lower understanding of economics compared with other subjects." [1] [1] https://www.carolinajournal.com/opinion/why-americans-flunk-economics-and-why-it-matters/ https://www.carolinajournal.com/opinion/why-americans-flunk-... [2] https://assets.openstax.org/oscms-prodcms/media/documents/principles-economics-3e_-_WEB.pdf https://assets.openstax.org/oscms-prodcms/media/documents/pr...