ECO 365 Knowledge and Skills of Human Capital
- If the price of gas were to reach $6 a gallon would the demand for bicycles increase or decrease?
- At even higher prices of gas, would we achieve flying cars sooner than expected?
- A zombie apocalypse is expected to make paper money worthless. In your opinion what would be the item with the highest relative price (the price of a good in terms of another)? Explain why?
- Explain how an increase in human capital (knowledge and skills acquired) would effect a change in or movement along the supply curve of bullets during the zombie apocalypse.