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Location of industry and localization of industry:
Location of industry tries to answer the key economic question "where to produce". It involves deciding on the area that an industry should be sited. Localization of industry, on the other hand, involves the concentration or centralization of firms in a particular industry within a limited area. It is the tendency for all firms in an industry to crowd or locate in a particular area, meaning the firms choose sites very close to one another. When firms of an industry do this there are certain benefits the industry as well as the community gains and there may be some problems too.
Edge Act A federal law passed in 1919 that are available national banks to accomplish foreign lending operations through federal or state chartered subsidiaries called Edge Ac
1).Explain a coordination failure. Using the Prisoner's Dilemma example above, discuss coordination failure. 2). What's a Market Failure? Please define the circumstances under w
The cross elasticity of demand calculates the responsiveness of the quantity demanded of one product to alters in the price of another product. For example, the quantity demanded
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what are the uncontrolled variables you think may affect the segment of your camera
Gross Domestic Product and Growth Rates: The rate of growth of the secondary and tertiary sectors has been more than double that of the primary sector, with the secondary sect
Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?
This research will follow the methodology of econometrics; Chao, 2005; Castle & Shephard, 2009): 1. Specification of the model using a specific stochastic equation, together wit
why is choice inevitable in the understanding of economics science?
Suppose that the total revenue function of a firm is given by TR(q) = 120q - 2q^2, where q is the level of output. Find the level of output q that will maximize the firm’s total re
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