Felt this needed to be said
I am studying econ... which must be said, I hate.. but never the less, I have to study it...
Here is one of the questions out of our book,
#13
Suppose that a terrible epidemic destroyed most of the earth's population. The most likely economic effect on the survivors would be:
A) wages would rise, and the returns to capital and land would fall
B) returns to all factors of production would rise
C) returns to all factors of production would fall
D) wages would fall but the returns to capital and land would rise
E) only wages would change and returns to other factors of production would not change.
umm whatabout the collapse of all economic systems?? I feel this would be much more likely...
What the fuck kind of question is that!?
Here is one of the questions out of our book,
#13
Suppose that a terrible epidemic destroyed most of the earth's population. The most likely economic effect on the survivors would be:
A) wages would rise, and the returns to capital and land would fall
B) returns to all factors of production would rise
C) returns to all factors of production would fall
D) wages would fall but the returns to capital and land would rise
E) only wages would change and returns to other factors of production would not change.
umm whatabout the collapse of all economic systems?? I feel this would be much more likely...
What the fuck kind of question is that!?