Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

What would a 'Thanos Snap' do to the economy? Assumptions: 1) 2) 3) 4) Half of the world population vanished immediately. Half of the population

image text in transcribed
What would a 'Thanos Snap' do to the economy? Assumptions: 1) 2) 3) 4) Half of the world population vanished immediately. Half of the population comes from half of each country, age group, and industry. So, there are no countries or markets that are more or less effected than others. The economy is at its normal state without Covid-19. There are no 'Avengers'. Prompt: Part 1 (write 2-3 paragraphs about this answering these questions in as great of detail as you can): What would a Thanos Snap do to the world economy? Would people live better or worse lives afterwards? What industries would be most or least damaged? What would happen to production, wages, prices, resources, GDP, and other economic factors? What are some reasons for your beliefs and make sure to base your reasoning on what you have learned? Part 2 (write 2-3 paragraphs about this answering these questions in as great of detail as you can): Fast forward 10 years after the 'Snap', what would the economy look like then? Would people be living better or worse than before? What are some reasons for your beliefs and make sure to base your reasoning on what you have learned? What would happen to production, wages, prices, resources, GDP, and other economic factors

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Business Risk Approach

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

8th edition

978-0538476232

Students also viewed these Economics questions