Which Real-World Examples Does The Economics Book Use?

Nicholas Hunt loves testing me a lot. When I just graduated from university, he tried to make me take on a five-million-dollar house mortgage. After I turned him down, Nicholas was quick to buy Yvonne Myers, the campus belle, a villa that was worth eight million dollars. It was even paid in full. As he held the property deed, he told me, "The truth is, I'm super rich. I've been pretending to be poor just so I can test your integrity. "It's a shame that you never passed my test. I'm very disappointed in you, Elizabeth. Let's break up." I just smiled at him casually. Then, I walked away without hesitation. What a coincidence. I'm the daughter of the richest man in the country. I, too, had been pretending to be poor. Four years later, we bump into each other at the Fortune List Summit. At that time, Nicholas has just squeezed into the top 50 rank. He walks into the venue with Yvonne clinging to his arm. It's then he notices me. I'm wearing plain-looking clothes without any jewelry adorning me, and I happen to be holding a child. Thinking that I'm a nanny, Nicholas begins mocking me. "Wow, you really went all out just to steal one more glance at me, huh? I can't believe you're able to follow me all the way here. "You should learn to accept reality, though. I'm on the Fortune List, while you're working as someone else's nanny. The gap between us is far too wide, so you should stop dreaming already!" I just ignore Nicholas in favor of resenting my dad for making me attend this stupid event. After all, I've just managed to block out one full day just to spend time with my son, and yet I have to waste my precious time on this dumb event.

My family was supposed to be the richest of the land, yet I had to refund even a cheap delivery. Why? In my previous life, my housekeeper's daughter got her hands on a trading system. Every cent of money I spent would be hers. She started trying to guilt-trip me into donating to all the impoverished students in her school. It was charity anyway, so I signed a check worth 300 grand. The moment I did, that money became part of her savings, and the amount on my check was zero. Everyone called me names, called me a charlatan. Even the boy toy I spent good money on broke up with me. That girl used my money to donate to charities and became the kind and beautiful heiress. She told everyone I was the housekeeper's daughter instead. Furious, I grabbed my black card and started shopping like crazy. I wanted to prove I was the real heiress, but the balance in my account was cleared immediately. That girl then spent 1.2 million right away, like it was one dollar. She scoffed at me. "Don't try to act like you're rich when you're a broke loser. Your mother doesn't make enough as a housekeeper." The Internet decided to hunt me down. I could not handle the stress, and my mind broke. For some reason, my body withered away at a blistering rate. Before my father could save me, I drew my last breath. When I opened my eyes again, I returned to that fateful day. The day the housekeeper's daughter made me donate to the school.

After half a month of nonstop overtime, I secured a contract worth over ten million, pulling the company back from the brink of collapse. My boss, Richard Gray, was overjoyed. At the celebration party, he called me the pillar of the company and announced that he would reward me with a bonus. However, when the end of the month came, and I opened my payslip, I froze. Negative 250 dollars. A negative commission? I actually owed the company 250 dollars? I immediately called the finance department, asking if there was a mistake on my payslip. They replied, "No mistake. This is the cost calculation formula that Mr. Gray personally instructed us to use. He said you'd understand once you saw it." I went straight to Richard for an explanation. He laughed. "The contract that you signed, after factoring in the concessions, upfront resources, and hidden expenses, left the company with a net loss of 150 thousand. Since the loss was due to your personal decisions, you're responsible for five percent. That totals to 7500. "Considering how hard you worked, we deducted it from your base salary first. But your salary wasn't enough, so you still owe the company 250. Don't worry. The company treats its employees well. We'll write that off." Soon after, he awarded 100 thousand dollars to the newly arrived intern. I watched the newcomer, probably connected to Richard, cheerfully treat the entire company to dinner with her bonus, and something inside me just snapped. From that day onward, I did the bare minimum. I clocked in. I clocked out. Nothing more. Later, when a critical project went catastrophically wrong and the company faced a colossal compensation demand, Richard came begging me to fix it. I just smiled and said, "Sorry, Mr. Gray. I've already resigned. If there are any problems, you can ask the intern who got the 100 thousand dollar bonus to handle it."

I was from a rich family. But after I finally returned home, my parents made me sleep in the store room and eat leftover food. Yet, they still felt like they had wronged their foster daughter. When the government introduced the Children’s Fairness System, my parents immediately bound the entire family to it. My father breathed a sigh of relief and said, “With this perfectly fair system in place, Annie won’t be treated unfairly anymore.” My mother gently held my hand and said in an unyielding tone. “Ever since you came back, you’ve taken everything that was meant for Annie. This is unfair to her.” My elder brother never showed a hint of kindness toward me either. “I only acknowledge Annie as my sister. You’ve gotten way more than you deserved already, so don’t push your luck,” he said. I looked down at the cheap clothes I had worn for five years. Then, I glanced at Annie’s lavish bedroom and countless luxury items. I found it all utterly ridiculous. However, when the system took effect, they all ended up breaking down.

I was the stingiest rich wife in the city’s high society. I did not spend money on beauty treatments or travel. In fact, I did not even own a single decent outfit or a handbag. Everyone laughed at me. They said I had the fortune of a wealthy family but not the luck to enjoy it. However, what they did not know was that behind closed doors, Arvid Hans, who was famous for his lavish spending, was a hundred times stingier than I was. He piled on gold and jewels to keep up appearances in public. However, with me, he was a miser, refusing to spend a single extra penny. We split every expense down to the last penny. Every meal and every prescription required a receipt and an entry in the ledger. He said this was to help me develop a business mindset. He said that fairness and caution were the keys to a lasting relationship. While other wives were decked out in expensive jewelry, I was dressed simply. He said I was naturally beautiful and did not need such trinkets to enhance my looks. Even our housekeeper was hoarding gold for investment. Yet he kept me from touching a single penny, citing the Hans family’s tradition of being frugal. For three years of marriage, I lived like a devout nun, strictly adhering to the “rules of frugality” he had tailored for me. It was not until Christmas Eve, when I returned a day early from visiting my parents, that I discovered someone else had been living the life of luxury meant for me.

Just how rich can a person be? My husband, Don Leonardo Bianchi, is incredibly wealthy. Every time he abandons me for his childhood sweetheart, Sofia Rossi, he gives me a building. The first time, it was a luxury apartment building with a sea view. The tenth time, it was a commercial property in the prime downtown area. By the 50th time, the general managers of several real estate companies had started calling me "Boss". Five years into our marriage, my real estate spreads across the entire country. When the deed to the 97th building is delivered to me, Sofia sends me a taunting voice message. "You might have the property deeds, but I have Leonardo. Aurora Esposito, tell me, which one of us is the real winner?" After listening to it, I don't cry or make a scene. Instead, this time I take the initiative to draft an agreement and wait for Leonardo to sign it. Once Leonardo comes back, he signs it and praises me for being magnanimous. He then takes me to a party as his date. At the party, Sofia loses game after game and is stripped down to only her underwear. When she loses once more, she turns to me—who is wearing only a dress—with a meaningful smile and says, "What's the fun in just me taking things off? I think Aurora, the perfect Donna, should join in too." Amid the clamor of cheering, I quietly look at Leonardo. "You just have to take off one piece of clothing. Don't spoil everyone's fun. When we get back, I'll give you another building," he whispered to me coaxingly. I calmly acquiesce. Little does he know that he won't have another chance to give me anything, because what he blindly signed earlier is our divorce papers.