What should the government spend its money on? With a growing national debt this has become an important question. Economists see the government’s role in providing goods and services to be one that fills a need. The government should pay for things that make our lives better but that the private market cannot or will not provide. Listen to this story from Planet Money to learn the reasons why government has decided to pay for public goods such as lighthouses and autopsies.
Story Length: 3:55
Socrative users can import these questions using the following code: SOC-1234
Fact, Question, Response
Language Identification Organizer
Deeper Meaning Chart
The assembly line hasn't changed much since it was invented about 100 years ago. This audio story looks at how the assembly line was introduced and perfected by the Ford Motor Company in the 1910s. The assembly line made it possible for Ford to boost its sales, its wages, and its market, and helped create the modern-day American middle class.
Read More
Maritime trade in today’s world is still very important as ships bring clothing to department stores and TVs to electronic stores. This public radio story explains how the International Maritime Organization, founded in 1958, oversees world shipping today. The IMO deals with problems the ancient Greeks would have recognized, including piracy.
Read More
To lower dependency on fossil fuels, some Americans have installed solar panels on their homes to produce their own clean energy. This decision involves a cost-benefit analysis of cost value and environmental impact. In some regions this cost-benefit ratio has been upset by fracking, and the cheap natural gas that it produces. How does supply and demand impact the cost of energy? How does the cost of energy impact people seeking alternatives such as solar energy? Listen to learn how one family has dealt is dealing with this shifting energy landscape.
Read More
The United States economy has experienced slow but steady growth since the 2007-2009 recession. Historically, one result of an improving economy should be an increase in the overall level of prices – inflation. This has not been the case, however, and inflation has stayed low. Inflation has remained low in part because most people don’t worry about it rising, and they aren’t rushing to buy products before they go up in price. Listen to this story from Planet Money and hear what low inflation sounds like, and how your behavior can directly affect whether prices rise or fall.
Read More