FinalExam.Mar12,10

FinalExam.Mar12,10 - 1 Richard Arnott March 19, 2010 8:00...

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Richard Arnott March 19, 2010 8:00 – 10:30 am Economics 146 Urban Economics Final Examination This examination is out of 100 points. There are five parts, each of which is worth 20 points. There is choice on each part. Except on the policy essay question, answer concisely. 1. Definitions Define 4 of the following six terms. Remember that an explanation is not a definition. spatial mismatch hypothesis agricultural bid rent in use i at location x population density gradient of a city hedonic regression external economies of scale rank size rule 2. Short Analytical Questions Answer 4 of the following six questions. A. Suppose, for the sake of argument, that the introduction of seat belts had no effect on accident costs. Does that mean that the policy had no economic impact? B. Using a diagram, indicate the effect of the introduction of the electric streetcar in the 1890’s on housing rent (per square foot) as a function of distance from the central business district. C. Using a diagram, illustrate how only very small differences in preferences for the ethnic composition of neighborhoods across two ethnic groups can lead to segregated
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FinalExam.Mar12,10 - 1 Richard Arnott March 19, 2010 8:00...

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