Amusing and Funny Anecdotes from Economists and Economics Programs

A couple of colleagues of mine collected a list of answers from a recent midterm in a first year college Economics course. The question was simple enough: Define a "public good". Here are some of the more amusing answers.

We've seen in many articles on this site such as "How Markets Use Information to Set Prices" that the beliefs people hold are vital in determining important parts of our economy. But how do people decide what to believe and what not to?