One of the ultimate contributions of the four major theories of city growth is their demonstration that cities do notgrow in a random fashion. T or F?
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One of the ultimate contributions of the four major theories of city growth is their demonstration that cities do not
grow in a random fashion. T or F?
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- Compare and contrast four theoriesof city growthWhat are output per worker, capital per worker, steady-state capital per effective worker and steady-state output per effective worker? What do they imply?Louis Wirth relied on three characteristics to explain the development of urbanism as a way of life. What were they?a. age of city, population density, political structureb. population size, economic base, political structurec. population size, population density, population diversityd. economic base, political structure, population structure
- Romer’s (1986, 1990) approach to endogenous growth laid out a model which appeared to show that there were increasing returns to scale from technology and the accrual of savings to this technology. At a firm level, this seemed to imply that monopolies within a country would emerge. However, in reality, this is not the case. What is the reason that competition still survives in endogenous growth models (and, by extension, in reality)?Thanks to worldwide urbanization, preindustrial cities no longer exist. T or F?Q1. Discuss proposed strategies which can be applied to achieve sustainable economic growth. Q2. Also discuss the potential barriers to achieve the objective of sustainable economic growth.
- "The US government should enact polices that encourage sustainable and equitable economic growth. " briefly give an efficiency argument in favor of that position.How does stakeholder emphasis of the creation of stakeholder value differ from the economic model?In Chapter 11, Tietenberg and Lewis note that market imperfections are a major cause of unsustainable development. What are some examples of market imperfections that hamper efforts to achieve sustainable development? Do such imperfections always lead to unsustainable outcomes? What are some economic incentive policies that might facilitate a transition from unsustainable to sustainable activities?
- Which classification of entrepreneur does Rhodes fall into? What qualities of an entrepreneur does she probably possess?Discuss how struggling with adversity might have helped Rhodes begin her business. What kind of success do you think Glassybaby might realize if it didn’t have a philanthropic focus as part of its business? When cancer patient Lee Rhodes was unexpectedly soothed by the reflective light of a simple candle inside a glass-blown votive holder, a business was born. Today, Glassybaby produces hand-blown votive candles that require over 70 glassblowers, three layers of glass, and a 24-hour process to make. Coming in 400 colors, with names like Begin Again, BFF, and Fearless, they sell for $44 each. Recent sales are expected to top $9 million at eight retail storefronts and online.why the Nobel Prize in Economics in 2020 was awarded to Paul Milgrom and Robert WilsonQuestion 2 Why is education and training rarely provided by firms? What government policies would encourage this provision? Use a model of endogenous growth to explain how encouraging more private investment in education would lead to increased growth rates. Assuming that private agents place less value on future consumption than current consumption, would ever higher growth rates be desirable? Outline the setup of (but do not attempt to solve) an endogenous growth model that incorporates both leisure and consumption in the utility function.
