Economics Homework Help
MU Economic Development Discussion
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- Suppose in the leader country (Country 1) there is a rise in cost of innovation at every level of technology gap (A1/A2), possibly caused by factors influencing the cost of innovation only. Show how these graphs will be affected as a result of this new change. On your well labeled graphs you must clearly indicate the shift of the relevant curve (s) and the direction of the shift. Explain your answer in 2-3 sentences.
- Suppose there is a population growth increasing the number of workers available to both the countries by same amount. Show how these graphs will be affected as a result of this new change. On your well labeled graphs you must clearly indicate the shift of the relevant curve (s) and the direction of the shift. Explain your answer in 2-3 sentences.
