Product variety and technological innovation

Assignment Help Microeconomics
Reference no: EM131043234

1. If a patent owners are compensated with monopoly profits from transfered consumer surplus, consumers will be compensated by greater product variety and technological innovation, while the alternative is lower prices, fewer new products, and much less research and development.

a. True
b. False

2. Greater access to foreign direct investment among developing nations has increased the costs of obtaining investment capital for domestic projects that promote economic growth.

a. True
b. False

3. Global public goods such as health care are everywhere and are easy to identify without much disagreement.

a. True
b. False

4. The marginal benefits and costs of pollution abatement are commonly agreed upon, thus no objective analysis that determines the exact costs or benefits should be needed in order to determine the optimal level of social welfare.

a. True
b. False

5. Portfolio capital inflows can be reversed quickly and cause a financial crises to worsen.

a. True
b. False

6. Developing a framework for protecting ownership rights to intellectual property has become a major issue in multilateral trade discussions.

a. True
b. False

7. A country with poorly developed financial markets may find that controlling short-term capital inflows to be beneficial, but capital controls in countries with highly developed financial markets are likely to be inefficient policies.

a. True
b. False

8. Ex ante conditionality in which IMF loan conditions are publicly known in advance may reduce asymmetric information problems associated with member nations who seek assistance.

a. True
b. False

9. There is an incentive to be a free rider when it comes to public goods, thus some type of coercive tax system is needed in order to fund public goods.

a. True
b. False

10. Adverse selection and herding behavior among lenders can result in many poor investments that go bad.

a. True
b. False

Reference no: EM131043234

Questions Cloud

Comparing different third world nations in macroeconomics : What is a current account when we are comparing different third world nations in macroeconomics?
Total cost of producing this level of output : a. Given the above information, what is the value of output? b. What is the total cost of producing the output you calculated in (a)? c. What is the average total cost of producing this level of output? Round your answer to the nearest hundredth.
Spend much time on an opposing viewpoint : Why does the writer not want to spend much time on an opposing viewpoint? Why mention that viewpoint at all? How might a concession help or hinder the main claim of the essay (the thesis)? What are some opposing viewpoints you might include in you..
Current and recent evidence to support : Given this, what do you think are the prospects for Russia fully joining the global economy? Provide current and recent evidence to support your claim.
Product variety and technological innovation : If a patent owners are compensated with monopoly profits from transfered consumer surplus, consumers will be compensated by greater product variety and technological innovation, while the alternative is lower prices, fewer new products, and much l..
Describe the ethical concerns that have arisen from scenario : Topic: "Imagine yourself in a situation where you are a manager in a government establishment. Describe the ethical concerns that have arisen from this scenario. Do you think your choice would be most affected by your individual moral development o..
What percentage is owned by the social security trust : What percentage is owned by the Social Security Trust? How much is owned by China? So, when you read an email or hear someone say, "China owns the majority of our debt," how will you answer?
Federal reserve for needed funds : Unable to borrow from other banks, University Bank is forced to turn to the Federal Reserve for needed funds. What is the interest rate the Federal Reserve will charge University Bank called?
Which allows congress to bestow this responsibility to faa : While parked on the ramp at an airport in Atlanta, Georgia, a Cessna 210 operated by a Florida resident is hit by a Piper Malibu, operated by a North Carolina resident. If the cause of action was heard in Federal Court it would be because of whic..

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd