Lesson 4:

The Dynamics of Wealth Distribution

Please read chapters 19 - 21.

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1. What three changes in society contribute to material progress?

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2. What is the effect of increase of population on the productive power of labor?

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3. What does increasing population do to the margin of production?

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4. What is the effect of increasing population on rent and wages as proportions?

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5. How can increasing population raise rent as a quantity without decreasing wages and interest as quantities?

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6. How do inventions and improvements in the productive arts save labor?

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7. What is the effect of labor-saving inventions on total production? On the demand for land?

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8. What is the effect on rent of governmental expenditures on roads, drainage, irrigation, bridges, the internet, etc.? Offer an example.

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9. Is the increase of rent due to anything done by the landowner, as such? If so, what?

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10. To what is the increase in land value mainly due?

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11. As society advances, what becomes the most important factor that determines the value of land?

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