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1. (Basic and Applied Research) What is the difference between basic research and applied research? Relate this to the hu- man genome project-research aimed at developing a complete map of human chromosomes, showing the location of every gene.
2. (C a s e S tudy: Computers and Productivity Growth) How has the increased use of computers affected U.S. productivity in the last few years? Is the contribution of computers expected to increase or decrease in the near future? Explain.
What do some of the key economic indicators tell us about how the two nations you chose are doing and different regions of the world did you choose and why is it interesting to compare these two in particular
The government must hold a referendum before any public good is produced. B) The government has to facilitate the collective decision making in the production of public goods. C) The government must force the firms to produce all the public goods...
Describe the core allocations of economy - Characterize the core allocations for this economy - Let A=1 and either argue directly that the core converges to the Walrasian equilibrium as the economy is replicated k > 1 times, or show that it does no..
What are the functions of money
Determine his optimal choice of consumption and leisure and calculate the marginal product of each labor type.
What is a Nash equilibrium? Give a definition in words and Find all Nash equilibria in the game.
What happens to the student's budget line? Illustrate the change with new books on the vertical axis. Is the student worse off or better off after the price change. Explain.
Suppose you are a manager of a factory and purchased five new machines at one million dollars each. You can sell two of the machines for $500,000 each and three of them at only $200,000 each. What is your sunk cost?
when a variable grows at constant rate, then the graph of the ln of the variable is a linear function of time, with slope that is approximately equal to the growth rate of the original variable (when that growth rate is small). Usin..
how many units should be produced by plant 1 and plant 2 to maximise profit for this monopoly
Examine who the winner and loser would be - either the borrower or the lender in the given scenario. Provide support for your response.
in order to answer the questions you will have to analyse the datasetattached via usinggretl or other statistic
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