Question

JJC s trying to launch 100 people to Mars within the decade, with the goal of starting a million person civilization. He estimates this will cost $10 billion dollars. Not to be outdone, Jen B, CEO of Amz, envisions a trillion people in space. Which of the following economic arguments is most relevant when deciding whether to support these plans and/or which program should go forward?

choose best answer

		JJC experience with SpaceR means he knows more about space travel, and therefore should have a comparative advantage over Bezos.
		The money and resources used to finance a Mars colony could alternatively fund alternative energy, ecological restoration, improved education, or other important projects, all of which are opportunity costs of going to space.
		JJC has already sunk millions into SpaceX and his project. Sunk costs must be considered when deciding which project should go forward.
		As long as the total benefits from space exploration exceed the total costs, both projects should go forward.
		Successful space travel would make the laws of thermodynamics irrelevant to economic analysis.

Answer 1

i think that the money and resources used to finance a Mars colony could alternatively fund alternative energy, ecological restoration , improved education or other important projects. Before thinking about the future prospects of finding life in Mars or any other planet, we have to make life possible here on earth . There are millions of people on earth who dont have access to good life and even water. first we should make sure everyone here on earth has everything and then we can start searching for life on other planets