suppose you discover a treasure of $10 billion in cash. a. Is this a real or financial asset? b. Is society any richer for the discovery? c. Are you wealthier? d. Can you reconcile your answers to (b) and (c)? Is anyone worse off as a result of the discovery?

suppose you discover a treasure of $10 billion in cash. a. Is this a real or financial asset? b. Is society any richer for the discovery? c. Are you wealthier? d. Can you reconcile your answers to (b) and (c)? Is anyone worse off as a result of the discovery?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter32: Building Theories To Explain Every Day Life: From Observations To Questions To Theories To Predictions

Section: Chapter Questions

Problem 12QP

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Question

suppose you discover a treasure of $10 billion in cash.

a. Is this a real or financial asset?

b. Is society any richer for the discovery?

c. Are you wealthier?

d. Can you reconcile your answers to (b) and (c)? Is anyone worse off as a result of the discovery?

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