Friday, July 17, 2009

Shopkeeper's wisdom

Click HERE to read today's column, which relates a young economist's secret weapon in market research: a smart shopkeeper.

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Other notes:

An alert reader in the mainland requested that I post this link to a map of U.S. unemployment rates. Put your cursor over a state to see its data. Note that the "official" unemployment rate (which notoriously understates actual unemployment) is sometimes about half of the actual rate of unemployment. For example, in South Carolina, the "official" unemployment rate is 11 percent, but the actual rate is (according to the link) 20 percent.