Question 4
In the General Solow model, list 2 policies (in terms of
parameters of the model that could be changed by public policy)
that would lead to higher c*.
Question 8
Evolution of the Solow Model.
In introducing constant technological growth, the General Solow
Model addressed what weakness of the Basic Solow Model.
Introducing the Human Capital Model helped address what 2
weaknesses of the General Solow Model.
Briefly discuss the fundamental differences between a multiple
regression model, an analysis of variance model and an analysis of
covariance model. Be sure to provide concrete examples of problems
that represent the three types of models.
· Question
1
Describe the scientific method:
· Question
2
Give two differences between science and
pseudoscience:
· Question
3
Give an example of a falsifiable statement:
· Question
4
What is confirmation bias?
This is a calculation question involving the Solow model. There
are three parts to the question. Part (a) asks for the steady state
level of k for a 'Solow country.' Part (b) asks for the
steady-state level of y for the same country. Part (c) asks you to
calculate a new savings rate for the country to satisfy certain
conditions. You have to answer all three parts of the question in
the box provided. Please make it clear what part...
Consider the model that explains the spatial structure of
cities. (a) List and briefly describe the assumptions of the model.
(b) Using a figure explain why the price of housing increases as
the distance from the center increases.