P.S. Lik, the "car" question is a genuine exercise question from an economic textbook.
The lack of economic knowledge should be one of the reasons why your view is so limited and narrow minded.
rockypath 發表於 2011-10-17 10:04 
If these egghead economists are all so smart, the US and the world wouldn't be in such deep trouble now, would it?
Theories are all nice and dandy, but only until they face the limitations and restrictions imposed by reality. By their very nature, theories are only drawn up by people bounded by the theories' assumptions and the author's presumptions and believes. This is especially true in any of the non-science science subjects. Case in point: free market theories also dictate that things will self-regulate, but do they? If academics weren't completely out of touch with reality, why else would they be called living in the ivory tower?
Any reasonably intelligent university graduate with a few years' worth of work experience will tell you that those theories you learn at school only serve as the minimal basis of your knowledge. At a rudimentary level, they work, and they help you analyze the situation methodically. But once you start factoring reality into account, everything changes.
I'd really like to hear what kind of bs "textbook answer" you have for your old car question because I will shred it apart in no time.
Enjoy living in your own little fantasy university la~
-Lik |