Reference no: EM131901426

1. Technology has certainly been a huge contributor to labor productivity and in turn standards of living over the past 30 years. Identify at least 2 negative effects because of increased technology (computers, communication, cell phones, internet, mass production etc.). Briefly explain why you've chosen these two.

2. You are spending quite a bit of money to earn your college degree. Assume that for a 4-year degree you spend $100,000 for your education. That's $100,000 that you could have spent on something else (opportunity cost). At this time, do you feel that this money could have been spent more effectively elsewhere, or do you feel that this $100,000 investment will more than pay for itself over the long run? Explain your answer in detail to give us an idea of your reasoning.

3. When you look at "Eye on Rich and Poor Nations" pg. 473 we can see that there is fairly stagnant growth in the poorer nations such as Eastern Europe, Central and South America, and Africa. Do you feel that we, as the richest nation have a moral obligation to invest capital, labor, and technology in these poorer countries in order to enhance their economic growth in terms of real GDP per person? Explain to us your response.