Economics Homework Help

Lewis University Global Chapter 2 Before the Crisis Wealth and Standards of Life Discussion

 

Read the Chapter 2, “Before the Crisis” and do the following:

– Summarize the chapter in a paragraph.

– And answer one of the following questions (not both):

1. Do you think humans are rational? Why and why not? How rational are you? Please give specific examples.

2. According to the Madison data, GDP person (the national income per person) has been increasing in the last two hundred years. Do you agree with this in your personal life? In other words, do you feel wealthier compared to your parents? Provide evidence (your experience, other data, etc.) for your answer.