One can hardly imagine, I think, how poor we would be today were it not for the rapid population growth of the past to which we owe the enormous number of technological advances enjoyed today. Another instance of external economies is parallel. Our artistic heritage is much like our technology; it is a part of our ‘public capital.’ If I could re-do the history of the world, halving population size each year from the beginning of time on some random basis, I would not do it for fear of losing Mozart in the process.” (Phelps, 1968.) What does this have to do with our study of endogenous growth? Can you relate Phelps's statement to your answer in 1?
Answer to relevant QuestionsFor your final task in this contractual theme, this week you will provide your department with an understanding of cyber crimes that we see in the business world.The last primer you will prepare for your department's ...1. Describe the relative advantagess of open verses targeted recruiting methods for Tanglewood.2. Evaluate data related to Tanglewood's historical recruiting methods to determine the effectiveness for each method.3. Using ...We normally think of the arts as very different from technologies in spite of the fact that art (with perhaps a few exceptions) is practiced with the help of technology. This practice creates interdependence between ...Project scope is difficult to manage. Research two businesses that have implemented an ERP system that have used change control and describe the process to determine the level of success they had with that process.John has just learned that the latest issue of The Blurb, the local school newspaper, has referred to him as a “liar, cheat, and a lousy student.” In fact, John is only a lousy student; he is a very honest person. ...
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