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Unformatted text preview: ss income than the typical Canadian. II. The typical Canadian is more likely to drive a car than the typical Chinese. III. Agricultural subsidies are greater in Canada than in China. A) I only. B) II only. C) III only. D) I and II only. E) I, II, and III. 6) Assume all land users prefer locating as near as possible to the center of the city. Consider the bid- rent function for office firms. Assume that office firms experience technological change that increases their ability to engage in factor substitution, while the technology of residential and manufacturing land use remains unchanged. 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. 3 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 provid...
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