__Capital in the 21st Century_ Movie Worksheet
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Title: "Capital in the 21st Century" Movie Worksheet
Questions:
1. What is the primary focus of capitalism as discussed in the film?
Wealth and capital
2. Who is the author of the book "Capital in the 21st Century"?
Thomas Piketty
3. Explain the concept of "r > g" as discussed in the movie.
X
4. How does the movie define "capital"?
X
5. Provide examples of capital mentioned in the film.
Land, property, intellectual property
6. Describe the relationship between wealth inequality and capitalism
according to the movie.
Connections it’s about who you know. You have advantages when you
know people.
7. How does the movie argue that economic inequality impacts democracy?
8. Discuss the historical context of wealth distribution presented in the film.
9. According to the movie, how has the concentration of wealth changed
over time?
According to the movie, the concentration of wealth has increased over time, with
wealth becoming more concentrated in the hands of a small percentage of the population.
10. What are some proposed solutions to address wealth inequality
discussed in the movie?
Implementing progressive taxation to tax the wealthy more, establishing
global wealth taxes to prevent the concentration of wealth, strengthening social safety nets such
as healthcare and education, and encouraging transparency in financial systems to prevent tax
evasion and hidden wealth.
11. Explain the role of taxes in wealth redistribution as depicted in the film.
12. Define "patrimonial capitalism" as presented in the movie.
Film Debrief
13. Does this film make you reconsider your own views on socialism? Explain
why or why not.
Yes, this film made me reconsider my views on socialism. Before watching, I
thought of socialism as a more extreme form of government control and wealth redistribution.
However, Thomas Piketty's perspective in the film shifted my understanding. He doesn't
advocate for full-blown socialism but emphasizes the need for policies that address growing
inequality. His idea of progressive taxation and wealth redistribution to prevent the concentration
of wealth resonated with me. It made me see socialism as not just about government control but
also about creating a fairer society where everyone has opportunities.
14. Critics of this documentary argue that it is socialist propaganda? Explain
whether you agree or disagree with this statement and why.
I disagree with the statement that this documentary is socialist propaganda. While the film does
have a clear stance on economic inequality and the need for policies to address it, it doesn't force
a singular ideology. It presents data and historical trends to support its arguments, which is not
the same as propaganda. Calling it propaganda would discredit the valid arguments for
addressing inequality.
15. Is it more important to prioritize financial equality or the growth of the
economy? Explain which you prioritize more and why.
Personally, I think it’s more important to
prioritize financial equality over economic growth. The film highlighted how extreme inequality
can lead to social unrest and instability. While economic growth is crucial for a healthy society, it
should not come at the expense of leaving a significant portion of the population behind. By
prioritizing financial equality through policies like progressive taxation and social programs, we
can create a more stable and just society where everyone has a chance to thrive. It's about finding
a balance where the economy grows, but the benefits are shared more justly.
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Related Questions
Movers & Shakers Co. is very keen on investing in a Wind Farm in the energy sector in Dominica.
1. List and explain 3 factors of productivity that Movers & Shakers Co. can bring with their
investment. [3 marks each]
2. Explain carefully why productivity is key determinant of Dominica’s standard of living.
[10 marks]
3. Discuss the relevance of productive efficiency and allocative efficiency in the growth process.
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1. What are the possible sources of capital: Microeconomics business concept
2. Enumerate eight (8) characteristics of a goal location: Microeconomics business concept
3. Identity best strategies: Microeconomics business concept
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QUESTION 1 Assume a Cobb-Douglas production with capital share 1/3; total factor productivity equal to 1, total population in an economy is equal to 1, depreciation rate is 5 percent and saving rate is 10 percent. Then the steady-state level of capital is about: a. 0.8 b. 1.6 c.1.3 d.2.8 e. 0.3Question 2 If a natural disaster destroys a large portion of a country's capital stock but the saving and depreciation rates are unchanged, the Solow model predicts that the economy will grow and eventually reach:a. A lower steady-state level of output than it would have before the disasterb. None of these answers is correctC. The same steady-state level of output as it would have before the disasterd. A higher steady-state level of output than it would have before the disaster e. Not enough information is given
QUESTION 3 Suppose you are given the data for Brazil and Portugal. In Brazil, the saving rate is 0.1 and the depreciation rate is 0.1, while in Portugal saving rate is 0.2 and the…
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1.Explain what are economic systems? In your explanation, give indication regarding the role of an economic system
2. Discuss the nature of a Planned economic system? Your discussion should include:Ownership and Control of resources and Essential Decision making.
3. Give three (3) advantages and disadvantages of Planned Economies and Market economies.
4. Discuss the essential features of a mixed economy
5.Differentiate clearly between a Planned Economic System and a Free Market Economic System.
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(6)
List and describe the 4 types of economic systems. In
your description, be sure to define what an economic
system is.
(7)
Why are the ideas of supply and demand important to
our economy?
Hint: consider that we operate as a mixed economic
system. Why are supply and demand important in this
system?
(8)
As a defining piece of the United States economy,
competition is important. What are the two possible
results from competition?
(9)
List and describe the 4 pieces of the business cycle.
(10)
List and describe the 2 ways economists measure our
economy.
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"Innovation by the Entrepreneur" argued Schumpeter, leads to gales of "creative destruction" as innovations cause old inventories, ideas, technologies, skills, and equipment to become obsolete. The question is not "how capitalism administers existing structures,…[but] how it creates and destroys them." This creative destruction, he believed, causes continuous progress and improves the standards of living for everyone." Joseph Alois Schumpeter, 1883-1950Links to an external site.
In terms a little more modern than Shumpater's, Dr. Abhijeett Desai explains that the predominant form of innovation can look disruptive, but is, in fact, transformational innovation. Explore Dr. Desai's thinking in Transformative Innovations vs. Disruptive InnovationLinks to an external site..
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Explain how do the following events affect the emergence of globalization and interconnections among people.
1. The Olympics began in ancient Greece and continue today.
2. Organization such as the red cross can respond more swiftly to disasters around the world
3. The FIFA world cup has more viewers than any other sporting event in the world
4. The united nations promoting cooperation in many areas, including human rights, peace, and economic development.
5. Travel and tourism elastic change of money cultures ideas and knowledge.
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List down the important ideas/concepts presente.
Globalization is the term used to describe how countries are becoming more interconnected economically and culturally. Globalization is an international process driven by trade, investment technology, and finances; this process affects culture, political systems, economic development and prosperity, and human physical well-being worldwide. Globalization is not new, though. For thousands of years, people and later corporations bought from and sold to each other at great distances. One such example is the thin silk road across central Asia that connected China and Europe during the middle ages. Still, what exactly has driven globalization over the past 20 years? These have been significant developments in both communications and transport technologies. The introduction of specialized bulk carriers and container ships has helped reduce the cost of transportation and significantly increase the volume of world trade. Recent developments in…
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List down the important ideas/concepts.
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D. Fo
18. How can the Presi
A. Make a preside
B. Only congress can
C. Follow the merit system
D. Make an executive order
19. The supreme court case that established ju
A. Plessy v Ferguson
B. McCulloch v Maryland
C. Marbury v Madison
D. Tinker v Des Moines
20. Who is the chief official in the House of Representatives?
A. President
B. Vice President
C. Speaker of the House
D. President pro tempore
te the FRQ.
^x policy area that involves bot
her the federal governm
onsibility of the st
ing
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GEOGRAPHY GRADE 11
SEPTEMBER 2019
Question 1
1.1
Choose the correct concept/ term from COLUMN B that matches with
the statements/ descriptions in COLUMNA (1.1.1 - 1.1.7). Only write the
correct letter next to the number, for example 1.1.1 K.
COLUMN A
Combines life expectancy, level of
education and GDP per capita.
COLUMN B
1.1.1
A. Globalisation
B. Trade barrier
1.1.2 Rules established by countries to protect
their own economy from competition.
C. Trade bloc
D. Development aid
E. HDI
1.1.3 Factory where people work long hours in
poor conditions for iow pay.
F. Phantom aid
G. Sweatshop
1.1.4 Group of countries that have agreed to
trade with one another.
H. Terms of trade
1.1.5 A wealthy country provides help to a
developing country with fewer resources.
1.1.6 Government-imposed regulations that
restrict international trade to protect
home industries.
|(7x1) (7)
1.1.7 Happens when debt money is written off.
roct word from the choices given in brackets. Write only
of vour
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QUESTION 93
Use the figure below to answer the next question.
c+
TA
N
ܐ܂
Capital Goods
x
B
D
Consumer Goods
Economic growth is best represented by a
a.
b.
move from Z to X along AB.
move from X on AB to Y on CD.
C. shift of the production possibilities frontier from CD to AB.
d.
move from X to Z along AB.
e. None of the above
Click Save and Submit to save and submit. Click Save All Answers to save all answers.
arrow_forward
When the natural economic growth process begins in a capitalist economy
A. the prices of capital goods fall relative to prices of consumer goods
B. the demand for saving increases ( i.e. - the demand curve for saving shifts to the right on the market diagram)
C. the consumption/savings ratio rises
D. the quantity of consumer goods produced temporarily decreases
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1) The following public policies can facilitate economic growth in an economy. Give a definition for each policy.
a. Distributive
b. Redistributive
c. Regulatory and substantive policies
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TRUE or FALSE
11. A high fertility rate reduces the per capita income, be it the Gross National Income per Capita or the Gross Domestic Product per capita.
12. The natural environment can bring about an increase or decrease in the population growth rate.
13. Rapid population growth does not necessarily reflect market failure.
14. Urbanization and localized economies lead to resource immobility
15. The most relevant advantage of locating a firm in an Industrial District is knowledge spillover.
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17. Investment in human capital is beneficial in the short run but investment in physical capital is beneficial in the long run.
18. Centralized urbanization leads to underdeveloped peripheral economies.
19. Improving hard infrastructures rather than soft infrastructures is absolutely a…
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Which of the following best describes an entrepreneur?a. A person who works as an office clerk at a major corporationb. A person who combines the factors of production to produce innovative productsc. A special type of capitald. Wealthy individuals who provide savings that stimulates the economy
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1. What should be the administrative arrangement to attain sustainable entrepreneurship
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a. Central Government led or devolved to LGU's
b. Political units and politicians or administrative machinery
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Essay
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resources is used in the productive process. What do the owners of the resources
receive in payment?
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The four factors of production that produce economic activity are ______.
a.
Corporations, small businesses, marketing and technology
b.
Interest rates, unemployment, taxes and growth
c.
Machines, buildings, money and capital
d.
Land, labor, capital and enterprise
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Recessions (caused by Capitalism?) make things worse for the poor because they are so vulnerable to price fluctuations
We are losing the middle class and the U.S. is becoming more separated into rich and/vs. poor.
The ability of an individual, family or some other group to improve (or lower) their economic status—usually measured in income.
A company's ability to pay its bills from cash or from assets that can be turned into cash very quickly
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Which of the following best describe what we mean byresources in economics?
A.
The natural resources, like water and trees.
B.
The factors of production used to produce goods and services.
C.
The human resources, like workers.
D.
The capital resources, like tools and buildings.
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Some suggested keywords are "entrepreneurship policy framework," "youth economic opportunities," "microenterprise and
encouraging entrepreneurship."
Then write 1-2 paragraphs in response to the following questions:
How does pubtic policy impact entrepreneurs?
What are some specific examles of policies and programs that support new and existing small businesses?
What additional policy considerations can support the development of entrepreneurial skils among young people?
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choose to go into the public sector instead of business because they want to help others.
However, businesspeople say that they do more to help others than nonprofit groups
do because they provide jobs for people rather than giving them charity. Furthermore,
they believe businesses create all the wealth that nonprofit groups distribute.
a. How can you find some middle ground in this debate to show that both business-
people and those who work for nonprofit organizations contribute to society and
need to work together more closely to help people?
b. How could you use the concepts of Adam Smith to heip illustrate your position?
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1.differentiate Entrepreneurs and businessmen.
2. Give 5 big roles of technology in the business section
3. What are the benefits of having technology and entrepreneurship in our modern world?
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Please help reply to this discussion . needs to be a minimum of 150 words. thank you
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Another reason that free market economies stimulate growth is because they allow supply and demand to create competition, which helps ensure that the best goods and services are provided to consumers (Investopedia, 2023). Without competition, a company can monopolize a market with little incentive to innovate their product. People may still purchase said product but that's because it's the only one…
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a. Loan
b. Incentive
c. Grant
d. Lease
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a. The Becquerel principle
b. The photovoltaic effect
c. Solar radiation
d. Solar irradiance
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a. Converter
b. Inventer
c. Coupler
d. Transformer
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a. Solar thermal
b. Solar architectural
c. Photovoltaic
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