. A Malthusian and a modern economist walk into a bar and converse as follows: MALTHUSIAN: I bet you $1,000 that I can make the average patron in this bar wealthier with a simple trick. MODERN ECONOMIST: I agree to your bet, and bet you $2,000 that I can do a better job. Thus, the Malthusian proceeds to murder half of the patrons, cleanly disposing of their bodies. The modern economist, on the other hand, replaces the bartender with a robot. How can we explain this ridiculous situation? (A) The Malthusian believes that killing people raises per-capita wealth, while the economist believes that technological improvements raise per-capita wealth. (B) The Malthusian believes that the agricultural commodities used in beer are scarce, and should be preserved; the modern economist believes that technological im- provements raise per-capita wealth. (C) There is no underlying logic to their actions. (D) The Malthusian and modern economists are both soyjacks and NPCs in the larger world of transhumanist dynamics.
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23. A Malthusian and a modern economist walk into a bar and converse as follows: MALTHUSIAN: I bet you $1,000 that I can make the average patron in this bar wealthier with a simple trick.
MODERN ECONOMIST: I agree to your bet, and bet you $2,000 that I can do a better job.
Thus, the Malthusian proceeds to murder half of the patrons, cleanly disposing of their bodies. The modern economist, on the other hand, replaces the bartender with a robot. How can we explain this ridiculous situation?
(A) The Malthusian believes that killing people raises per-capita wealth, while the economist believes that technological improvements raise per-capita wealth.
(B) The Malthusian believes that the agricultural commodities used in beer are scarce, and should be preserved; the modern economist believes that technological im- provements raise per-capita wealth.
(C) There is no underlying logic to their actions.
(D) The Malthusian and modern economists are both soyjacks and NPCs in the larger world of transhumanist dynamics.
Economics deals with the allocation of scarce resources among humans with unlimited wants. Macroeconomics is a part of economics that deals with production, decision, and allocation concerning the whole economy.
Since economics deals with the allocation of scarce resources among humans, more focus was put on developing models that would study and theorize the economic situations of any nation. Economists focused on models that would predict the output growth of a nation through the output model, explain the effect of price changes on consumption and spending patterns.
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