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Eco 372 Week 2 Case Study

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A. I would say that for me, running the economics is very hard. It’s so hard that even the professionals cannot always carry it out well. Even some simple situations or problems can be considerably hard. For instance, when an economist study people’s behavior, they can only assume how people would act for a certain measure but they can’t assure that things would go well as they simulated because people’s behavior doesn’t stay constant. With that being said, failure can take place. Just imagine how hard the hard problems could be, such as to what extent of investment is enough in order to have an effective economy. B. I chose the 2nd scenario and it gave me a situation where I liked a bill given by the congress that extends across-the-board

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