According to Ernesto Siroli, a magazine came out in themid 1800s and predicted that 100 years into the futureNew York would cease to exist. Why did they predictthis and why were they ultimately wrong in theirprediction?

The objective of the question is to understand the prediction made by a magazine in the mid-1800s…

Answered: According to Ernesto Siroli, a magazine…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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According to Ernesto Siroli, a magazine came out in the mid 1800s and predicted that 100 years into the future New York would cease to exist. Why did they predict this and why were they ultimately wrong in their prediction?