Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Winterfell and King's Landing are both agricultural economies that use workers and capital (in the form of agricultural equipment, livestock and farms) to produce food.

Winterfell and King's Landing are both agricultural economies that use workers and capital (in the form of agricultural equipment, livestock and farms) to produce food. They have recently been ravaged by the White Walkers, which are zombie creatures coming from the North. The effects of their passage however has been different in the two kingdoms. In Winterfell, the White Walkers have killed (and transformed into zombies) scores of peasants, leaving the farms and the livestock intact. In King's Landing, instead, the damage has been to farms and agricultural equipment, but people were safe inside the wall of the city. Mark the correct answers:

a. The living standards of Winterfell will go down in the long run. The living standards of King's Landing will go up in the long run.

b. The living standards of Winterfell and King's Landing will not be affected in the long run.

c. In the few years after the descent of the White Walkers, economic growth will slow down in Winterfell, while King's Landing will experience a higher growth rate.

d. In the few years after the descent of the White Walkers, economic growth will slow down in Winterfell and in King's Landing.

e. In the few years after the descent of the White Walkers, the economic growth rate will be higher both in Winterfell and in King's Landing.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Principles Of Macroeconomics

Authors: Lee Coppock, Dirk Mateer

2nd Edition

0393614093, 9780393614091

More Books

Students also viewed these Economics questions

Question

The personal characteristics of the sender

Answered: 1 week ago

Question

The quality of the argumentation

Answered: 1 week ago