Cheez-It (Photo credit: Wikipedia)

Economics can be a dry subject. Finding a way to illustrate its principles in a way that is informative and fun is like figuring out a difficult magic trick: Once we figure out the trick, we want to show everyone. Last week, as I prepared to teach a class of high-schoolers a few foundational concepts in American political thought and economics, I came up with an exercise so easy you can teach it to a toddler—with the caveat that you have an exceptionally bright toddler, of course.

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