What is the time horizon, What is the time horizon? For

What is the time horizon

Reference no: EM133735695

Problem: Economics- The Smartphone Market and Human Capital

I. What is the difference between human capital and technological knowledge?

Sobieraj, J., & Metelski, D. (2021). Economic Determinants of Total Factor Productivity Growth: The Bayesian Modelling Averaging Approach. Entrepreneurial Business and Economics Review, 9(4), 147-171.

II. What is the time horizon? For a good like gas, a price hike may not affect demand in the short run however consumers soon find ways to mitigate long-term expensive fuel prices - for example, they buy fuel-efficient cars (Mankiw, 2015). Class, can you think of other examples?

Mankiw, N. G. (2015). Principles of Macroeconomics (7th ed.). Stamford, CT: Cengage Learning.

Reference no: EM133735695

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