Yes, it amazes me to say those words -- Rachel had an ECON QUIZ the other day. (Keep in mind that Drew didn't really learn about economic concepts until college; and I took one microeconomics class that I no longer remember at NU. This is why we moved here; the schools are AWESOME.)
She actually did quite well -- 22 out of 20 (she got three out of the three multiple-choice questions right). The only one she flubbed was, "What is an example of opportunity cost?" Her reply: An example of an opportunity cost is cupcake vs. cake. Her teacher wrote, "So close! That is an economic choice. What is the opportunity cost of making that choice?"
The other questions involved the four basic needs to survive, the difference between a need and a want, if supply goes up then demand goes down and vice versa, and...well, let's just say that our kid will be WAY more economically literate at an earlier age than we were!
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