1. What are the three I’s ?
2. What are the five capitals?
3. What are the five economic ages?
4. What are the four laws of the information age?
5. What kind of capital is trust?
6. What is the most important capital?
7. What is Moore's law?
8. What law addresses bandwidth?
9. According to Metcalfe, how much more powerful is a network with 3 versus a network with 2?
10. What is the key difference between the information age and the mobile age?
11. What key innovation started the industrial revolution?
12. Where did the industrial revolution begin? Why?
1. What are the three I’s ?
ReplyDeleteIdeas - inventions - innovations
2. What are the five capitals?
Culture - Human - Physical - Financial - Intellectual
3. What are the five economic ages?
Hunter gatherer - agriculture - industrial - information - mobile
4. What are the four laws of the information age?
Moore's law - Segate's law - Gilder's law - Netcalfe's law
5. What kind of capital is trust?
Human
6. What is the most important capital?
Culture
7. What is Moore's law?
Computer power doubles every 18 months
8. What law addresses bandwidth?
Gilder's law
9. According to Metcalfe, how much more powerful is a network with 3 versus a network with 2?
-
10. What is the key difference between the information age and the mobile age?
Applying intelligence
11. What key innovation started the industrial revolution?
The steam engine
12. Where did the industrial revolution begin? Why?
The Industrial Revolution began in Great Britain. Why? because they had coal.
Chapter 18, the markets for the factors of production questions:
ReplyDelete1. What are the three I’s ?
Ideas
Inventions
Innovations
2. What are the five CAPITALS ?
Culture
Intellectual
Human
Financial
Physical
3. What are the five ECONOMIC ages?
Hunter-gather
Agricultural
Industrial
Information
Mobile
4. What are the four laws of the information age?
Moore
Segate
Gilder
Metcalfe
5. What kind of CAPITAL is trust?
Trust is a human Capital
6. What is the most important CAPITAL ?
The most important capital is the culture.
7. What is Moore's law?
Moore’s law states that computer power doubles every 18 months
8. What law addresses bandwidth?
Gilder’s Law
9. According to Metcalfe, how much more powerful is a network with 3 versus a network with 2?
Metcalfe’s law states that networks value = number of members squared, 3 squared is 9 and 2 squared is 4, therefore 9/4 gives us 2.25. The difference between 2 and 3 is one, therefor by adding one person to the network, it made it 2.25 times more powerful.
10. What is the key difference between the information age and the mobile age?
The key difference between the two ages would be the creation of wireless devices.
11. What key innovation started the industrial revolution?
Steam engines
12. Where did the industrial revolution begin? Why?
The Industrial revolution began in Great Britain, because they had the culture that allowed people to create and innovate and they had the physical resource, which is Coal.