Question
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started