describe the two economies –

Read Chapters 2 and 6 from Harford’s book the undercover economists.

Post #1: In 300-500 words describe the following.

1. Briefly describe the two economies from chapters 2& 6 (around 100 words)

2. What are the inputs and outputs for the two economies discussed, how would you measure the total production in each economy (around 100 words)

3. Both economies had recessions, describe the cause of that recession (around 100 words)

4. What solution if any could solve the problems from the recession for each economy. (around 100 words)

this book only no other resources

Harford, T. (2016). The Undercovers Economist Strikes Back: How to Run Or Ruin an Economy. Penguin.

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