What is meant by the term technological spillover?
What will be an ideal response?
Technological spillovers are present when investment generates external economies. The knowledge component of the firm's capital stock is like a public good that spills over to other firms in the economy.
Economics
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Empirical evidence suggests that usury laws
A) help poor consumers by lowering the interest rate they pay. B) hurt poor consumers by limiting their ability to borrow. C) keep interest rates low. D) limit the amount borrowed by wealthier consumers.
Economics
Discuss the relation between average variable cost (AVC) and marginal cost (MC) curves
Economics