Question 1) Thoroughly explain why there is a strong association between development and urbanism. A perfect answer will include a discussion of ALL the benefits and disadvantages of urban concentration. As well as a discussion of two well-known theory of city size and urbanism
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- 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?“Profit is the child as well as victim of economic development.” Explain the innovationtheory of profit in light of above statement. Why does profit appear to disappear in thecourse of economic development? Please answer it in detail as we are required to give answer in descriptive type in assignment . Please answer it within 20-30 minutes . UrgentOutline the functions of the theories with regards to the development of urban areas
- Question 2 Describe the role that property rights, prices, and profit and loss play in promoting economic growth.TRUE or FALSE 11. A high fertility rate reduces the per capita income, be it the Gross National Income per Capita or the Gross Domestic Product per capita. 12. The natural environment can bring about an increase or decrease in the population growth rate. 13. Rapid population growth does not necessarily reflect market failure. 14. Urbanization and localized economies lead to resource immobility 15. The most relevant advantage of locating a firm in an Industrial District is knowledge spillover. 16. The K -12 Program added years to basic education but Philippines student learning still lags behind many East Asian countries. 17. Investment in human capital is beneficial in the short run but investment in physical capital is beneficial in the long run. 18. Centralized urbanization leads to underdeveloped peripheral economies. 19. Improving hard infrastructures rather than soft infrastructures is absolutely a…Provides a summary of the research findings on Examining the Relationship Between Entrepreneurial Behavior and Attitudes With Economic Complexity and Sustainable Development
- what is the relevancy of the paper to public policy issue in urban development and economics?Question 2 (a) Why is education and training rarely provided by firms? What government policies would encourage this provision? (b) 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? (c) Outline the setup of (but do not attempt to solve) an endogenous growth model that incorporates both leisure and consumption in the utility function.Financial development, social capital, favourable business regulation, tradeopenness are different aspects of ‘social capability’ influencing innovationprocesses and, therefore, economic development. Make a ranking of these factorsaccording to their observed degree of importance for economic development
- Compare and contrast four theoriesof city growth1. Provide viable explanations to illustrate the below. a)Dutch Disease b)Rybczinski’s theorem c) Leontief’s Paradox d) Immizerizing Growth 2)What is the concept of “agglomeration”. Explain the internal and external effects associated with this concept.True or False 1. The end of economic development is the improvement of quality of life and capabilities so long as a substantial number of people benefits. 2. What a country has for its resources determines to a great extent its ability to influence the decision-making processes of another country. 3. As globalization disposes integration of national economies, countries must expand it into international markets. 4. Income levels, attrition rate in school enrollment, incidence of migration from rural to urban centers are among the non-economic variables in determining extent of economic development. 5. For economic development to become manifest, it must be a result of the interplay of economic and non-economic factors.