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"Innovation is widely touted as the key to long-term economic prosperity, and concerns have been raised as to whether the United States is investing enough in innovation to drive future growth (Hamm 2009). A related but different issue is the extent to which innovation by U.S. companies will benefit American workers in an era when production and even research and development (R&D) are increasingly done offshore. Concerns about the location and quality of jobs have taken on a new policy relevance in light of proposals to support innovation and American competitiveness (Obama 2011)".
Answer the following questions each one carries 10 marks
a. Analyse the impact of Globalization on U.S. workers.
b. Does U.S. Innovation Help U.S. Workers?
c. What relationship exists between Innovation, IP Rights and Economic Modernization
An incumbent firm, Firm 1, faces a potential entrant, Firm 2 that has a lower marginal cost. The market demand curve is P = 120 – Q. First 1 has a marginal cost of $20, while Firm 2’s is $10. What are the Nash-Cournot equilibrium price, quantities, a..
At every Pareto efficient allocation, the number of litres of beer produced equals the number of litres of whiskey produced.
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Edmondson, A., & McManus, S. (2007). Methodological fit in management field research. Academy of Management Review, 32(4), 1155-1179.
Assume that the train ticket price is $100 and 1000 passengers use train per day. 2000 passengers use buses and 5000 passengers use their own car. What can you say about the elasticity and cross price elasticity of these three transportation modes? W..
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A year of unusually bad weather for agriculture would:
What are price floors and price ceilings? How could a business maintain its level of profitability if forced to accept price ceilings? Use a business in your response. For example, a coffee shop could ... Please do not use a coffee shop in your examp..
Consider the following production function : Q = 10L2K, where Q is the amount of production,L is the amount of Labor and K is the amount of Capital.
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