ECO 108 Lecture Notes - Lecture 2: Blood Plasma
Document Summary
Economists accept the idea that when it"s free it"s probably not good. You shouldn"t spend your entire life trying to find the perfect mate. 531,000,000,000- proved reserves of gallon of oil in the ground. 16,500,000,000- how much we"re taking every year: 32. 18 years until all the oil is gone. Got to know how humans react in the situation don"t just give up when it gets hard. Oil was really expensive in 1970s so people started to think of different methods of energy. When oil prices get expensive, people find new ways to find more and use less. Our behavior changes when oil gets more scarce. Maybe a way to not run out of tigers is to eat them we don"t run out of chicken lol. Human beings are complex; we"re sending peeps to the moon but there"s still homelessness. We can"t stop alcoholics from being alcoholics so how do we put in place social programs.
