Social Studies, 25.11.2021 14:10 stephycake9768
Jane said farewell to her favorite uncle as he boarded a plane for Paris. That night she dreamed that he was flying in a jetliner that suddenly ran into a powerful thunderstorm and extreme turbulence. The plane rocked from side to side, then descended rapidly into the night. The jetliner crashed into the mountain, killing all aboard. When Jane woke up the next day, she learned that her uncle's plane had encountered violent turbulence on the way to Paris and that several passengers, including her uncle, had been injured during the flight. She had just had one of those rare experiences known as prophetic dream.
Required:
a. What is the phenomenon being explained?
b. What possible theories could explain it?
c. Which theory is the least plausible and why?
d. Regarding the most credible theory, what factors would convince you to regard it as even more plausible?
Answers: 1
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Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.
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Jane said farewell to her favorite uncle as he boarded a plane for Paris. That night she dreamed tha...
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