Tuesday's Assorted Links
Social media, recession predictions, Best Buy, orange crops, and haunted houses
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
A new poll finds that teenagers spend an average of 4.8 hours on social media each day [Gallup]
A survey of economists finds that the majority no longer believe a recession is imminent and that the Federal Reserve is finished raising interest rates [The Wall Street Journal]
Best Buy will begin phasing out the sales of DVDs and Blu-rays in early 2024 [Variety]
Florida’s orange growers are opting to sell their land for development rather than devote space to citrus crops [Bloomberg]
The frightening economics of haunted houses [The Hustle]
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China, once known for lending beloved giant pandas to boost diplomacy, is now recalling them from zoos worldwide. Discover how this move is linked to international trade and diplomacy in an intriguing twist. From the history of panda diplomacy to the intricate web of bilateral trade agreements, there's more to this story than you might think.