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A large share of European Research Council funds go to support CERN - The Large Hadron...

A large share of European Research Council funds go to support CERN - The Large Hadron Collider (LHC), which just returned to operation. Scientists debate the implications of using the LHC, with some individuals suggesting that it will massively improve research productivity for physicists and others arguing that it will destroy mankind ( or atleast a good chunk of Europe) by creating a mini-black hole. Using the Romer Model, explain what effect increased funding for the LHC would have on income in the United States assuming the LHC destroys all of Switzerland. Please clearly list any assumptions you are making within the Romer Model context.

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Rahul Sunny answered 2 years ago
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