Discussion: watch the video and answer the following questions.
Can you help me understand this Economics question?
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Natural disasters cause death and destruction, but there is an economic oddity about them. Because there is so much money put into rebuilding after these catastrophes there can be positive economic outcomes. Why do you think this is so? To further your answer, look up the “broken window fallacy”. What is this fallacy? (NOTE: you must provide a source for where you found your information about the fallacy.) Does destruction actually improve macro measures of production? What flaws do you see with this logic?
Make sure to look up “broken window fallacy”.
Make sure to answer all questions.
Write about 250 words.