chapter2macroquestions

chapter2macroquestions - Hannah Miller October 31, 2010...

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Hannah Miller October 31, 2010 Chapter 2 Macro2013 3 rd edition Book 1.If we want to obtain the maximum possible good for humankind all possible pros and cons need to be accounted for. That is why it is important to take into account both the benefits and the costs of new technology. If we were to only take in the benefits of new technology we would be neglecting all the cons and repercussions that could take place. Just because the benefits are high and could be reaped by many does not mean that they outweigh the potential cost. If we were to only focus on the costs of new technology, rather than the benefits, than the possible benefits received by humankind cannot be reached. Improper spending on technology could lead to an outcome where the costs do not match the benefits. It is important to focus on both the benefits and the costs of new technology because in order to obtain the maximum possible good for humankind all scenarios need to be accounted for, and both the benefits and costs work hand in hand. 2.I believe that the government intervening in the introduction of all the new technology
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This note was uploaded on 03/29/2011 for the course AMH 2010 taught by Professor Minor during the Spring '08 term at University of Florida.

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chapter2macroquestions - Hannah Miller October 31, 2010...

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