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Lesson 8: What We Can Expect

Stuff to read: Henry George’s Remedy (parts 7-10)

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1. What are some reasons why the economic role of land is de-emphasized today? ( 7 pts.)

2. The full amount of land rent in today's economy ( 6 pts.)

is regularly reported by the Federal Reserve Board.
would decrease under Henry George's Remedy.
is frequently overestimated.
None of the above.

3. Which of the following is NOT an effect of taxes on production? ( 6 pts.)

Increased complexity of government.
More unemployment.
Decrease of land rent.
Taxes on production cause all of those things.

4. The Henry George Theorem implies that ( 6 pts.)

broad-based taxes are the best method of raising municipal revenue.
cities should issue bonds to stimulate their economies during recessions.
a city's land rent tends to be a fully adequate source of its public revenue.
pollution taxes must be used to avoid a tragedy of the commons.

5. Name at least three kinds of "economic land" other than the earth's surface. ( 7 pts.)

6. How do a city's taxes on buildings, wages or sales affect local land values? ( 7 pts.)

7. What relationship has been observed between the level of reliance on property taxes and overall prosperity? ( 7 pts.)

8. How does the value of urban land compare to the value of farm land? ( 6 pts.)

9. What are some reasons why public services are neglected in developing nations? ( 7 pts.)

10. Describe how the "resource curse" is a special case of the overall land problem. ( 7 pts.)

11. Describe our discussion of "the urban dilemma" in terms of the Henry George Theorem. ( 7 pts.)

12. Describe how economic growth is defined in the essay "Sustainability Squared." Is this different from what you have heard or read before about "economic growth"? If so, how? ( 6 pts.)

13. How does the example of the tomato harvester point out the trend toward large-scale waste in US farming? Can you think of other examples of this? ( 7 pts.)

14. What are some ways in which densely-populated cities use resources more efficiently? ( 7 pts.)

15. Name at least three ways in which today's economy could more toward greater environmental sustainability. ( 7 pts.)

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