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According to Michael Porter's National Diamond theory when it comes to cluster creation and competitiveness. Think of a specific cluster that you can research and describe. Write the following about it:
Suppose that a firm that is expanding its output has a very large total fixed or sunk cost. What will happen to its average total cost as it expands output Can you think of any firms or industries in which this is likely to happen
Suppose we were in a situation where the interest elasticity of investment is low, and money demand is very interest elastic.
Early Classical economists found following diamond or water paradox perplexing: Why is water, which is so useful and so necessary, so cheap.
What specifically do "living wage" ordinances call for? How is the "living wage" different from the "minimum wage?" Who is helped, who is hurt by a living wage requirement? What underlying data is used to justify a living wage requirement?
What is happen to the short run equilibrium 1. price level, 2. quantity of Real GDP, and 3. unemployment rate in each of the following cases?
Evaluate the competitors' existing production in the chosen country. Determine the type of economy that exists in your selected country - closed, mixed, or market. What is the difference between these types of economies and how might this affect y..
The Home and Garden (HG) chain of superstores imports decorative planters from Italy.
1. How does the increase in the monetary base change the quantities of M1 and M2? Why? 2. How did the change in monetary base influence short-term and long-term nominal interest rates? Why?
Sandle Corporation, an accrual-basis, calendar-year taxpayer, sold $15,000 of its products on account to Jim in November, year 1. In year 2, Jim declares bankruptcy and Sandle writes off the account as a bad debt.
Data Collected in the imaginary econmomy of Chipolaysia reveals that when the price of dorf decreased by 25%, the quantity of dorf sold increased by 10%.
What is the minimum level of v for which the union does not require any compensation for change in the first period? Interpret your result in light of the model studied in class. When does the model suggest that innovation will be stalled by a uni..
Suppose that the nominal rate of inflation is 4 percent and the inflation premium is 2 percent. 1.What is the real interest rate Alternatively, assume that the real interest rate is 1 percent and the nominal interest rate is 6 percent.
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