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The manager of a grocery store shows you and your friend a tabloid headline "Flu Shots Have Been Proven to Cause the Flu." The manager says, "Those folks are right because every time I have ever taken a flu shot , I've gotten the flu." Your friend says, "Well, that settles it. I'm not taking a flu shot." As a critical thinker, what would you tell your friend?
Equilibrium
A state in which economic forces such as supply and demand are balanced and in the absence of external influences, the values of economic variables will not change.
Investor
A person or organization that invests money anticipating a return on their investment.
Portfolio
A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual funds and ETFs.
Perceived Budget Line
The subjective view of the combination of goods and services that a consumer can purchase with their available resources, based on their perception of their budget.
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