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Give two examples of products that are traded on international markets for which there are dynamic increasing returns. In each of your examples, show how innovation and learning-by-doing are important to the dynamic increasing returns in the industry.
How much of the $1000 deposit must the bank keep in reserves? How much can it loan out
just bikes inc. sells tricycles in partially-assembled and fully assembled forms. parents who assemble their own
Using the Eviews/GRETL dataset attached, carefully explain the empirical evidence MRW provide in support in of their thesis. In the light of econometric analysis, do you share the authors' conclusion above?
Which country has the most unequal distribution of income. Suppose that country wanted to defend its high inequality. Give one argument that country might use to say that inequality can be a good thing
in a command or planned economy the government not the market regulates the factors of production and economic
Felix Jones, a recent engineering graduate, expects a starting salary of $ 65,000 per year. His future employer has averaged 5% per year in salary increases for the last several years.
Question #2. Suppose that the voters in the U.S. have decided through a ballot measure to tax the richest quintile by 10 percent. The tax will then be redistributed evenly to the poorest two quintiles. (2A) What is the share of income that the riche..
These multiple choice problems belong to Economics. The first problem discusses about price and total cost being equal and the second problem is about the similarity between competition and monopolistic competition.
suppose the hotel in the lecture example raised its price from 30 to 30.50. with the new price the hotel expects 96
consider a competitive market served by many domestic and foreign firms. the domestic demand for these firms product is
Draw the supply and demand curves on the same diagram. Determine the equilibrium price and quantity and demonstrate it in your graph. Demonstrate the impact of a government price control set at P = $12 also P=$8.00. Demonstrate by number and in the g..
What is the mid-point (averages) formula for elasticity of demand? What does it measure? What do the values (1), (2), and (.50) indicate? What are the determinants?
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