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7. Joel Mokyr thinks that the pace of discoveries and inventions picked up during the Industrial Revolution mainly because the material rewards to discoveries were
7. Joel Mokyr thinks that the pace of discoveries and inventions picked up during the Industrial Revolution mainly because the material rewards to discoveries were particularly high (and not due a culture of discoveries and inquiry began to take hold in Britain & France). TRUE FALSE 8. Joel Mokyr states that norms and beliefs conducive to economic activity began to take hold in Britain due to a culture that disincentivized opportunistic individual behavior. TRUE FALSE 9. Mancur Olson thinks that free riding is important for understanding how special interest groups form and get organized, especially in economically vibrant societies. TRUE FALSE 10. According to Olson, large & more diverse special interest groups can organize more quickly and effectively TRUE FALSE 1 1. Mancur Olson thinks that narrow special interest groups are less detrimental to the evolution of public policies and political institutions than encompassing special interest groups. TRUE FALSE 12. In Olson's view free entry is always synonymous with perfectly competitive markets. TRUE FALSE 13, In distributional coalitions the benefits each members gets is positively related to the size of the coalition. TRUE FALSE 14. Over time, the impact of distributional, special interest groups becomes more pronounced in faster growing economies. TRUE FALSE 15. World income inequality is higher when one weighs countries according to their population levels
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