Monday, March 9, 2015

Betsy elliott, chapter 6, question 7

This chapter is about productive activity. Wheelan said, "Remember, new workers must spend their earnings elsewhere in the economy, creating a new demand for other products. This economic pie get bigger, not merely resliced"(132). Going to school get you an education and that education can get you a job, which get you money that you spend on other things and that creates more jobs for other people. Everybody will win in the end. This ultimately means get an education it will give someone else a job. Wheelan uses two scenarios, a town full of farms but each farm only make food enough for each family living on that farm and there is no room for any new job workers. The other scenario is a man creates a new kind of plow and he sells it for a share in the other guys harvest. The second scenario creates a world where everybody wins.

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