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Please express your understanding about the 'Locked-in country' when involve in global economy (both in positive way and negative way) by understanding the following sentences:
-"Once dominant technologies emerge in a region, they become progressively more "locked in". Small initial advantages in the use the critical new technologies and subsequent refinements in them bring much larger or increasing returns to those firms (and places) that have them.
"Technology makes a country (or a firm) initial advantages, competitive advantages, and become progressively more locked-in in global economy?
Which process line should be built for a new chemical
IBM employs a network of expert analytics consultants for various projects. To help it determine how to distribute its bonuses, IBM wants to form groups of employees with similar performance according to key performance metrics.
Explain why a weaker dollar could involve the UK balance of trade deficit.
Is it reasonable from an economist's viewpoint to minimize the role of the government in accordance with Nozick's moral argument.
Which types of firms would normally maximize profits along with real-life examples? Should a firm shut down if its weekly revenue is $2,000, its variable cost is $1,000, and its fixed cost is $1,600, of which $1,200 is avoidable if it shuts down? Why..
At 6% interest, how much money is required in the trust fund to provide for the laboratory and equipment and its perpetual operation and equipment replacement?
The market for 4WD cars has been described by the following supply and demand functions: At the market equilibrium price, what would be the total monthly revenue? Calculate consumer surplus at the market equilibrium and indicate this surplus as an ar..
Test at a=.05. How much of the variation in student performance can be explained by teaching method?
If you were able to make a list for what your school's money went to, name the top three things on your list and why they are important.
Suppose that Congress is successful in passing a large tax increase that actually be enacted this year. Using three separate aggregate supply and aggregate demand graphs,
Under a strict command-and-control framework, suppose abatement standards are set equally across polluters. Assume the total abatement target is 30 units. Show the cost implications using three graphs, each of a different polluter with a unique MAC c..
Bill sees a classified ad offering a used DVD player for $5. On the opposite page, he sees a big color ad from a national electronics chain offering new DVD players for $50. Bill values a DVD player at $75 as long as it works, regardless of whether i..
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