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Q1. It may be argued that Japan's explicit promotion of its microchip industry was an excellent example of successful industrial strategy. Illustrate what criteria would you apply to conclude whether such a strategy is or is not successful? Judging from your own stated criteria, was Japan's exercise successful? Why or why not?
Q2. Give an example to illustrate Elucidate how raising children can represent every of the following: (a) constant opportunity cost also (b) increasing opportunity costs.
Q3. Given the same price elasticity of supply, sellers would be able to pass along the largest portion of a 10% tax on which item?
Illustrate what is the difference among the multiplier in a closed private economy also the multiplier in a mixed open economy.
Suppose that the price of IPATH increases by 5%,at the same time the price of laptops falls by 3% and income elasticity increases by 2%.
Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals.
A brewery is considering two potential production investments.
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.
The payoff matrix of economic profits above displays the possible outcomes for Bob and Jane who are involved in game of whether or not to advertise.
Analyze the characteristics which make any transaction possible and justify the importance of each of the characteristics.
Explain how industrial regulation affects the market and the entities affected by industrial regulation in terms of market structure.
Explain why Blazo's performance from providing these services to ABC Company and other firms will decline if economic growth is reduced.
How much income gets you into the top quartile or quintile. Discuss the issues of regressive, proportional, and progressive taxation.
Outline any two reasons, why the marginal revenue product differs between workers in different jobs.
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