in The Wonderful Wizard of Or and his other books about the Land of Or. L Frank Baum observed that people's wants were modest encugh, most goods would not be scarce. According to Baum, this was the case in Oz"There were no poor people in the Land of Or, because there was no such hing as money Each person was given freely by his neighbors whatever he required for his use, which is as much as anyone may reasonably desine. Seme edhe lands and raisnd great crops of grain, which was divided equaly among the whole population, so that all had enough There were many talors and dressmakers and shoemakers and te ke, who made thinge that any whe desind themmight wear. Likewiee there were jewelers who made omaments for the person, which pleased and beauited the people, and these omaments also were free to those who asked for them. Each man and woman, no mater what he or sheproduced for the good of the community, was suppled by the neightbors with food and elothing and a house and fumiture and omaments and games by chance the supply ever ran short meore w taken hom the great atorehousen of theRuler, which were aherward fed up again when there was more of any atcle than people needed You wit know by what Ihave told you here, that the Land of O wasaremartable country Ido not ppose uch an arangenment woult bepractical wih us.Beura L. Frank Bem, The Emerald City of Or, Chicago Relly & Brinen, 1910, o. 30-31.Do you mgres wih Beum that he econom wystem in Or wotrt wo in the contemporey United StatesOA The sysen n O wIn work. People nhe United Dates re less wiing to give fresly to ther neghborsOR The wyslam n Or would won The wants of peple in he United Stutes eeed e reures ale to ose wantsOC The systam in O wo work Even whod modest wart, goode ot rce in the Unted atesDD The syvem in Or would work There la no sarcity in Or or in he Unitad States.OE The syetem in Or woud work. The Unted Sitates has more resourtes than O to fu the people's wants

Answered: Image /qna-images/answer/999e4c05-270e-4869-851e-d3a4d705e0f9.jpg

in The Wonderful Wizard of Or and his other books about the Land of Or. L Frank Baum observed that people's wants were modest encugh, most goods would not be scarce. According to Baum, this was the case in Oz "There were no poor people in the Land of Or, because there was no such hing as money Each person was given freely by his neighbors whatever he required for his use, which is as much a anyone may reasonably desie. Seme led he lands and raisnd great crops of grain, which was divided equaly among the whole population so that all had enough There were many tailors and dressmakers and shoemakers and te ke, who made thinge that any whe desind them might wear. Lkewiee there were jewelers who made omaments for the person, which pleased and beauited the people, and these omaments also were free to those whe asked for them. Each man and woman, no mater what he or she produced for the good of the community, was suppled by the neightbors with food and elothing and a house end humiture and omaments and gamesby chance the supply ever ran short more wen taken hom the great atorehousen of the Ruler, which were aherward fed up again when there was more of any atcle than people needed You wil know by what Ihave told you here that the Land of O wasremartable country I do not ppose uch an arangenment woult be practical wih us." Beura L. Frank Bem, The Emerald City of Or, Chicago: Railly & Brinen, 1910. po. 3031. Do you ngree wih Beum that the econom ystem in Or wouldn't wok in the contemporery United Stats OA The sysem n O WIn work. People he United ates re less wiing to give fresly to ter neghbors OR The wyslem n Or would won The wants of peple in the United Stutes eeed tereures aeto ose wants OC The systam in Or woudnt wok Even without modest warts, goode wnot scarce in the Unded ales DD The syvtem in Or wouid work There la ne sarcty in Oz or in the Unitad States OE The system in Or woud work The Unted States has more resourtes than O to fu the people's wants

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 31P: Table 4.6 shows the amount of savings and barrowing in a market for loans lo purchase homes,...