Question: 2. Read Easterly's chapter 8, Tales of Increasing Returns. a) How is knowledge different from physical capital? What are the special characteristics of knowledge that

2. Read Easterly's chapter 8, "Tales of Increasing Returns." a) How is knowledge different from physical capital? What are the special characteristics of knowledge that make it so useful for growth? How can knowledge help a country grow? Make sure you illustrate your answers with examples given in the chapter. b) What are "matches"? Describe and illustrate with examples. How do "matches" explain that some countries are a lot richer than others? c) Describe what the chapter means by "traps." Describe some government policies that could play a role to get out of "traps.&quot

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