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Making Sen$e with Paul Solman: Public Pension Problems: a Tale of Two Cities in Rhode Island
Source: Council for Economic Education (EconEdLink) | Type: Interactive Tool - Making Sen$e with Solman
As part of his continuing coverage of Making Sen$e of economic news, business correspondent Paul Solman visits two Rhode Island cities struggling to honor pension pledges to retired public workers.
Grades:
None
Concepts:
- Choice
- Decision Making
- Government Failures/Public-Choice Analysis
- Role of Government
- Standard of Living
- Trade-off
Standards:
- Economics 1: Scarcity
- Economics 2: Marginal Cost/Benefit
- Economics 3: Allocation of Goods and Services
- Economics 4: Role of Incentives
- Economics 6: Specialization and Trade
- Economics 9: Role of Competition
- Economics 13: Role of Resources in Determining Income
- Economics 15: Growth
- Economics 17: Using Cost/Benefit Analysis to Evaluate Govern
Related Resources:
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