Question: 54. How does subjective value make gains from trade possible? 55. Think back to August 6, 1945. The United States has just dropped an atomic
54. How does subjective value make "gains from trade" possible? 55. Think back to August 6, 1945. The United States has just dropped an atomic weapon on the city of Hiroshima killing tens of thousands of Japanese and devastating the infrastructure. Some economists at the time might have concluded that there would be a silver lining in the destruction, as economic prosperity would result. Evaluate the logic of this claim in a few sentences. 56. How might price controls on gasoline lead to human fatalities in an area where there is an oncoming hurricane? 58. Does Elon Musk suffer from scarcity? Explain
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