What measures are likely to prevent recurrence
Assignment:
Prepare a report on an incident, perhaps involving yourself, in which indiscrimination occurred. Analyze why it happened, what could have been done to prevent or correct this incident, what measures are likely to prevent its recurrence.
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What determines whether a curve shifts in the Solow diagram? Make a list of the parameters of the Solow model, and state whether a change in each parameter.
What is the principle of transition dynamics? Why does the Solow model lead to this principle, and why is it useful?
Draw a graph showing what happens to output in China over time. What happens to output per person in China in the long run?
By what proportion does consumption per person initially increase? What happens to consumption in the long run?
Analyze why it happened, what could have been done to prevent or correct this incident, what measures are likely to prevent its recurrence.
What is nonrivalry, and how does it lead to increasing returns? In your answer, what role does the standard replication argument play?
Suppose a friend of yours decides to write a novel. How ideas and objects are involved in this process. What happens if the novel is sold at marginal cost?
Explain how nonrivalry leads to increasing returns in the two key production functions of the Romer model.
What is the production function; that is, the relation between Y and X? Why does the scale of the market - the number of copies the firm could sell - matter?
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