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- Technological innovations shift the production possibility curve. Look at graph you sketched for Exercise 12.13 Which types of technologies should a country promote? Should clean technologies be promoted over other technologies? Why or why not?What can government do to encourage the development of new technology?1) Your firm must decide whether or not to introduce a new product. If you introduce the new product, your rival will have to decide whether or not to clone it. If you don't introduce the new product, you and your rival will earn $1million each. If you introduce the new product and your rival clones it, you will lose $5million and your rival will gain $20 million (you have spent a lot on R&D and your rival will not have to spend any R&D in order to clone it). If you introduce the new product and your rival does not clone, you will make $100million and your rival will make $0. a) Draw the extensive form (the tree diagram) of this game, carefully labeling each node and outcomes associated with each action. b) Should you introduce the new product? c) How would your answer change if your rival has "promised" not to clone your product? d) What would you do if patent law prevented your rival from cloning your product?
- 2) What proportion of lung cancer deaths among all smokers can be attributed to smoking?1. If you are trying to use a RDD setup to evaluate the effect of health insurance on health, and you qualify for a health insurance subsidy if your family income is below $20,000. What's the running variable? What's treatment, and what's the outcome?1. When is the appropriate time to invest, Is it today or after pandemic? Why not? 2. Is is right to impose another lockdown with the new covid strain that was identified?
- 12_economics10 There are still many challenges that have not been solved to reach efficient e-government. Select one: a. True b. False3. Ethics refers to A) the practice of obeying applicable business laws and regulations B) the ability to recognize a morally problematic situation C) the ability to know right from wrong and to know when you're practicing one instead of the other D)a series of situations in which an individual must choose between personal interest and the interest of others.
- QUESTION 19 What are the three components of health as defined by the World Health Organization? A. Physical, mental and social well-being B. No diseases, sickness or illness C. Positive health outcomes, low morbidity rates, and mental well-being D. Physical, spiritual and mental well-beingImpact of Covid-19 pandemic on a Country and its Economy Write a paragraph. Instructions below:12- Economics