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Question: Intellectual property laws are intended to promote innovation, but some economists, such as Milton Friedman, have argued that such laws are not desirable. In the United States, there is no intellectual property protection for food recipes or for fashion designs. Considering the state of these two industries, and bearing in mind the discussion of the inefficiency of monopolies, can you think of any reasons why intellectual property laws might hinder innovation in some cases?
Apply the micro and macro for or against black markets
What is meant by horizontal differentiation? How can one define the properties and purposes of structure?
If all universities are public, calculate the tuition that will achieve the efficient number of students. How much will taxpayers have to pay?
What happens with supply and demand when? Equilibrium price decreases and equilibrium quantity increases/ Equilibrium price decreases and equilibrium quantity decreases?
The Future 2055 The U.S. economy is at full employment. President North West is spending billions of dollars on military equipment in the U.S. He is also attempting to carry out his promise to put a man on Mars by the end of the decade. He is conside..
1. determine whether the following production functions exhibit constant increasing or decreasing returns to scale.
The number of donuts a 9 year old child eats in a month is between .5 and 4 and follows uniform continuous distribution.
You can decide to choose a topic of your own and the list below will provide you with examples of the issues you should be looking at but again feel free to consider other issues that you may particularly feel interested in and think can relate to..
What is the effect of these two shocks on inflation? Show this in a graph of the Phillips curve. In the late 1920s, the average inflation rate was approximately
The background is about World War II Holocaust andwe are focus on the reasons why American citizen refuse the Jewish to immigrate from the economic perspective.
Presume that the cost of capturing a cockatoo and transporting him to the United States is about $40 per bird. Cockatoos are smuggled and drugged in suitcases to the United States. Half of the smuggled cockatoos die in transit.
Consider the CAPM. Write the ß of asset in terms of variances and covariances. Write the ß of a portfolio in terms of the ß's of the individual
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