Respond to classmate’s answers
Im working on a Economics exercise and need support.
Make sure to respond to each of them. Try to include any relevant macroeconomic concepts or thinking as derived from your readings. Thank you!!
#4: More Savings, and More Problems.
– “I don’t think that high savings in America should be such a looming concern for the economy. America is not a poor country, there are many trading sections everyday from different states. So when people have high savings, it could be positive as it can be a prudent behavior like what the passage has mentioned. People can save money for retirement which actually kind of ease the expense of elderly from the government, since many people may get enough money for the retirement life and don’t need to get the allowance from the government. This helps the government to run some measures to boost economy when it is necessary, so I think higher savings won’t be a looming concern for the American economy.”
#5: Assessing the Population Bomb.
– “For me, I like Lincoln Julian’s idea. thought Ehrlich’s concern is more reasonable, still, like Julian’s idea, we need to be optimistic and there away a way to fix the problem. According to the article, Ehrlich believes that population growth should be a concerning thing, and it true it the Earth has a limited carrying capacity. However, he didn’t win the bet between him and Julian. Overall, I believe there will be a way to fix the thing or create one to replace the given natural resource. However, I also believe population growth is a big concern to earth resources. For example like oil or fuel for a car. I know the solution to this situation is electric, but to create electricity, we need to burn more coal and more dam that could heart the environment. Moreover land problems. Since there more people, the price for land or home must go up. It harder and harder for the next generation if they want to buy their home.”
#6: The Case for Free Money.
– “With universal basic income, I believe that there would be a positive impact on the economy. By providing a single cash payment to people rather than welfare benefits, individuals would have the freedom to use their funds where they most need it. With more free capital, individuals can choose to invest or save when they see fit. Other proponents argue that this could lead to dependency, as there is no motivation to seek employment, and to misuse of funds. While this may be true in some cases, adding additional income could substantially improve living conditions and provide financial independence for women to escape abusive relationships, as stated in the article.”
