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(a) Explain why the assumption of imperfect competition is necessary for endogenous growth models.
(b) How might well enforced intellectual property rights actually lead to divergence rather than convergence?
What is the approximate Herfindahl index? What is the four-firm concentration ratio?
Identify specific examples of prominent computer hardware and software technological advances in the industry. Discuss two of the following points and apply that to your example. • What is the effect of new technology on firms in the industry in th..
assume there are 400 families in a community. each of these families spends exactly 100 plus one-half of its total
The particular index that you will compare to the Thumbtack measure is Forbes-overall . You are to include your index along with the five X variables suggested by the authors of the report of the Thumbtack survey.
Efficiency wage models are sometimes used to explain the existence of involuntary unemployment in the labour market. Provide a short description of the shirking model. Why can it be in a firm's interest to increase the wage above what is paid by o..
suppose that the most popular car dealer in your area sells 10 percent of all vehicles. if all other car dealers sell
If the manager of the open market desk hears that a snowstorm is about to strike New York City, making it difficult to present checks for payment there and so raising the float, what defensive open market operations will the manager undertake?
Debit cards allow an individual to transfer funds directly in a checkable account to a merchant without writing a check. How is this different from the way credit cards work Are either credit cards or debit cards money Explain.
if the ce if the of pepsi-cola increases from 40 cents to 50 cents per can and the quantity demanded decreases from 100
Analyse a range of current economic issues and problems and develop and communicate economic arguments in a variety of forms.
Assume that you are leaving a message in a time capsule to be opened 100 years from now. Formulate a message you leave regarding the economic times of your lifetime and what could have been done to make our economy better.
Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. The price of candy bars is $.75 and the price of peanuts is $1.50.
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