Cities i the typical chinese person

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Unformatted text preview: changed. The change in technology for office firms will I. increase the convexity of the office bid- rent function. II. increase the convexity of manufacturing and residential bid- rent functions. III. allow office firms to more effectively outbid other firms for land near the city center. A) I only. B) II only. C) III only. D) I and III only. E) I, II, and III. 7) Increasing the human capital in a city can lead to greater output because I. Smarter workers are more productive. II. Smarter workers make their coworkers more productive. III. Smarter workers generate ideas that improve firm productivity at a faster rate. A) I only. B) II only. C) III only. D) I and II only. E) I, II, and III. 4 8) Consider a city that exports cars. According to the model of urban labour supply and demand discussed in lecture, attracting a new auto company to the city could I. increase demand for export employment. II. increase demand for local employment. III. increase localization economies. A) I only. B) II only. C) III only. D) I and II only. E) I, II and III. 9) Glaeser notes that London is a major global centre for A) textile manufacturing. B) auto manufacturing. C) theatre. D) dance. E) technology. 10) According to Glaeser, the primary mode of transport of goods in the US prior to 1900 was by A) water B) road C) rail D) horse E) none of the above End Section 1. Section 2: True, False, or Uncertain (5 points each). Respond to each of the following italicized statements by labeling the statement “true,” “false,” or “uncertain.” Then briefly JUSTIFY your claim. Answers that do not provide justification will receive zero points. Better justification will earn a higher score. 5 1) 5 points Improvements in telecommunications, ceteris paribus, will lead cities to become more decentralized. 2) 5 points An increase in demand for labour and a decrease in the supply of labour in a city will necessarily cause the equilibrium quantity of labour employed to rise. End Section 2 Section 3: Short Answers 1) (11 points total) a) 7 points Consider the case of two cities, Victoria and Vancouver. Utility per worker curves are given...
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This note was uploaded on 09/26/2013 for the course MATH 102 taught by Professor Maryamnamazi during the Spring '10 term at University of Victoria.

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