Feb 8, 2009

Swapping Borsch for Matroyshka Dolls

If you are heading over to Russia anytime soon you may want to fill your suitcases with extra Dale Earnhardt #3 angel wing t-shirts and multiple packages of Double Stuf Oreos because bartering is in vogue once again from Moscow to Nizhniy Novgorod!

Probably not a good sign for the Russian economy that enterprising workers are looking to trade underpants for vehicles. How many Taganrog utility trucks can you get for 2,500,000 rubles’ worth of premium underwear anyway?

This story is chock full of economic concepts that are all over the GPS standards. Have your students read the article, give them a copy of the standards and then ask them to match the two. Quality stuff indeed.