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Patenting creates a monopoly but it also encourages innovation through intellectual property protection.
A recent paper by Kamran Bilir suggests that multinational corporations, especially those with long product cycles so that potential imitators pose more of a risk, tend to move to countries with strong patent policies.
China has relatively weak intellectual property protection. What types of multinational company activity would you expect to see in China?
“If the legal standard of care in a negligence rule is necessarily vague, the court should set it below the level of efficient precaution.” Explain the economic argument in favor of this proposition. Doctors are liable when their negligence injures p..
By indicating the major sources and uses of bank funds, fully describe the basic functions of a bank as a private deposit-taking institution that must constantl
Junior collects baseball cards. He owns one Felix Hernandez card that sells in most shops for $15. He is interested in buying a different Felix card that also sells for $15. According to behavioral economics:
Indicate the total running time of the algorithm using O-notation (function class). Clearly show your work.
Larren Buffett is concerned after receiving her weekly paycheck. She believes that her deductions for Social Security
Review the working of US Monetary Policy with the of monetary theory of the times involved. How do you reconcile the behavior of policy makers and theoretical developments of macroeconomics? Explain in detail.
The utility function from consuming x and y is given by: U(x, y) = x .2y .3 . The respective marginal utilities are: MUx = 0.2x -.8y .3 and MUy = 0.3 x .2y-.7.
a. What is the Coca-Cola executive assuming about the price elasticity of demand for Coke? Briefly explain.
Suppose that the position of a nation's long-run aggregate supply curve has not changed, but its long-run equilibrium price level has increased. Which of the following factors might account for this event? (See page 232.)
On September 21, 1995, "House Speaker Newt Gringrich threatened to send the US into default on its debt for the first time in the nation's history, to force the Clinton Administration to balance the budget on Republican terms. That same day, the inte..
Given the following yield information on municipal bonds issued by the state of North Dakota:
Was Carly Fiorina treated fairly by the Board? Why or why not? Did gender play any role in the outcome?
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