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1. What is a national innovation system? Identify possible weaknesses in the innovation systems of developing countries, which hinder technology change, and the diffusion of technology.
2. Discuss the relationships between technological change, productivity increases and competitiveness.
Suppose a single parent can work up to 16 hours per day at a wage rate of $10 per hour. Various income maintenance programs have been developed to assure a minimum level of income for low-income families, such as AFDC (Aid to Families with Depende..
Assume there are 2 goods in the work: apple and raspberry. Say that geoffrey has a utility function for these goods, where r= quantity of raspberry, a =quantity of apple. U = 4r + 3a what is the marginal rate of substitution between the raspberry
Elucidate whether the following statements are positive or normative economic statements, and explain why you categorized them in that way.
the study of how to increase resources and create conditions that will make better use of resources. Resource development or Economics or else.
Describe the main explanation for the downward rigidity of wagesin the modern macro economy. Evaluate their probability of being correct and important.
Suppose a risk averse agent. Explain how many units of the contract will the agent buy if the price is q=k.
a government data processing center has been plagued in recent years by complaints from employees of back pain.
A man is fired from his job because he was late for work too many times; While he is searching for another job, he would not be counted in the labor force because his employer had a legitimate reason for firing him.
Macro-economics is perhaps most divisive area of economics. Macro economists divide themselves into different schools of thought. Two of the biggest camps are the Keynesians and the Monetarists.
The business world become more competitive. If we are to compete with firms in Singapore, Indonesia, and Malaysia, we must keep our costs down. Labor accounts for 75 percent of expenses.
Suppose Big country can produce 80 units of X by using all its resources to produce X or 60 units of Y devoting all its resources to Y. Comparable figures for small Nation are 60 units of X and 60 units of Y.
If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the labor force is
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