EconExperiments - Trade incentives

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Concepts & Keywords Illustrated:
		Trade
		Incentive
Brief description:
		Students are asked to rate the satisfaction level when given a small item stored in a brown paper bag. Then they will be asked to rate their satisfaction level again after trading their item with others within the same group, across groups and the whole class.
		This activity illustrates that people voluntarily exchange goods and services because they expect to be better off after the exchange.

Teaching Materials: