Section_Handout_Week_of_Feb_18_Answers

C what does wishart conclude was the main effect of

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Unformatted text preview: OF 3 WEEK OF FEBRUARY 18TH, 2013 4. 5. 6. 7. 8. ERIK JOHNSON a. Indian Territory after Removal b. Cherokee Nation prior to Removal c. Northwest Territory Follow- up questions a. When were the Northwest Ordinances and what rules did they establish? 1785 and 1787. Surveyed land into 36 square- mile townships. Also laid out rules for when these new territories could officially become states (60,000 inhabitants). b. Why would surveying the land lead to increases to total factor productivity (TFP)? Many possibilities: Allows for more experimenting across farmers and then mimicking of best- practices, reduces the transactions costs in transferring ownership of the land, it increased the incentives to invest in land because property rights are better- defined, and so on. c. What...
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This note was uploaded on 05/03/2013 for the course ECON 113 taught by Professor Delong during the Spring '08 term at University of California, Berkeley.

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