Paul David examined _______________ as an example of path dependence
a. Microsoft's Windows operating system
b. the VHS format
c. the QWERTY keyboard
d. hydroelectric power generators
c. the QWERTY keyboard
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Suppose that workers in A can produce 1 unit of S in 3 hours and 1 unit of T in 9 hours. Suppose that the relative price of S in B is 2. Graph the PPF for country A. Indicate the exact slope of the PPF. Show how the autarky equilibrium is determined
Illustrate a hypothetical international trade equilibrium, including production and consumption points, and trade volumes for a given (your assumption-be explicit) but permissible value of the international terms of trade.
(Last Word) A market-based system of buying and selling human organs for transplant would:
A. reduce total health care spending. B. create a surplus of organs. C. increase the quantity of organs available for transplant. D. reduce the price of organs.