Econ11.22.10

Econ11.22.10 - Assignment 12 Bloom Chapter 13 Assignment 12...

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Assignment 12 Bloom Chapter 13 Assignment 12 A. Cypher/Dietz Chapter 8 Questions 4, 5, 6, 8 B. Cypher/Dietz Chapter 13 Questions 1, 2, 3, 4, 9, 10, 12 Ch.8 4. Increase human capital accumulation->high rate of growth increased coordination, more skills, flexibility to adapt to match capital->can move between jobs, requiring more tech requires more education 5. Information distribution Cost/profit:: moving to frontier, may not be profitable Policies: reduce obstacles (ex: red tape) Improve functioning Competition law Technical efficiency change: get to the edge of the frontier Technological change: moving the curve out 6.Technology is endogenous…different for each country. A measures things that are different for every country. 8.Negative technical efficiency change. Market deteriorates, switch to monopolies. Ch.13 1.At is anything. Whatever is immeasurable. 2. Steady state output will be reached. Depreciation will match capital inputs. Income differences only if savings rate and pop growth rate and depreciation rate is different. 9. Elites opposed would be land-based elites who control economy.
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This note was uploaded on 04/06/2011 for the course ECON 343 taught by Professor Miyao during the Fall '08 term at USC.

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Econ11.22.10 - Assignment 12 Bloom Chapter 13 Assignment 12...

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