answering questions. 1. Show graphically an argument why a larg.pdf
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The document poses a series of analytical questions related to economics and migration, including the rationale for tariffs by large and small countries. It explores the concept of 'brain drain' in relation to the Lewis model and the varying migration incentives based on the ability levels of rural migrants. Additionally, it discusses the cyclical nature of economic growth and encourages reflection on learning outcomes from related films.
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answering questions. 1. Show graphically an argument why a larg.pdf
- 1. answering questions. 1. Show graphically an argument why a large country may want to institute a tariff? What are some reasons a small developing country may want to institute a tariff even though it will decrease their total surplus? 2. What does the term "Brain Drain" mean in relation to the Lewis model? In particular, explain the earnings profile of rural born migrants in the urban sector compared to urban born workers and how we would expect the rate of return (use equation) to migration to show why a rural bom with low ability level to be disinclined to migrate compared to a rural born of a higher ability level. 3. What is meant by a "vicious cycle of growth" and show graphically how the government can utilize policies in order to create a virtuous cycle of growth. 4. From all.of the movies - be specific-what was the most profound/long lasting/interesting thing that you learned this quarter? Which video was your favorite video, and why?