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Question: Some earlier development economists, like Alexander Gerschenkron, thought "latedevelopers" would have an advantage compared to early developers in increasing their levels of per capita income since they would be able to use the most advanced technology without having to re-invent such knowledge themselves.
a. Under what conditions would such an optimistic perspective on "international technological diffusion" have validity for a late-developing economy?
b. What role does government policy play in creating these conditions and in augmenting an economy's initial endowments that might make technological acquisition and its use more productive for an economy?
Suppose that Norway (country 1) and Russia (country 2) are the only two natural gas exporters to Germany. The inverse demand curve is P= 100-Q, where P is price and Q is the total quantity in the market. Costs are C1=Q12 and C2=10*Q2, where C1 and..
In 2008, the per capita consumption of coffee in the United States was reported to be 4.2 kg, or 9.24 pounds. Assume that the per capita consumption of coffee in the United States is approxi- mately distributed as a normal random variable
In the value process, the estimation of the has historically been somewhat neglected in relation to the other steps in the process.
The Ecuadorian Sucre is trading for $0.000425 today and you are redeeming an Ecuadorian 1-year bill that you bpught one year ago when the Sucre was at $0.0005.
An argument against additional disclosure is that financial analysts aggressively seek this information, which is then sold to their customers, resulting in an adequate market solution to the problem of providing timely and relevant information on se..
In part s of Asia, there are rivers that flow across the borders of more than one country. If the country located upstream on the river chooses to put up a large dam on the river which stops the flow of water to all countries located downstream,
Communicate to the reader the main points the author is making - Explain clearly the link between the argument the author makes and the evidence they use to support their argument
Many demographers predict that the United States will have zero population in the 21st century in contrast to average population growth of about 1 percent per year in the 20th century. Use the Solow model to forecast the effect of this lowdown.
Suppose that economic growth is slower in the U.S. than in its trading partners. Given a system of floating exchange rates, will the impact of this growth differential be for US with respect to exports and the value of the dollar?
Draw separately the production possibilities schedules for Zambia and Zimbabwe; locate aluminum on the horizontal axis and steel on the vertical axis of each country's graph.
Describe the main criteria used to classify economies. Define business strategy, corporate strategy, and international strategy. Identify the three dimensions of corporate strategy and explain how they differ.
Calculate the real effective exchange values of the dollar. Do the values you calculated indicate an appreciation or depreciation of the U.S. dollar? What is the rate of appreciation or depieciation?
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