Amidst the affluence of post-industrial societies exist some unsettling paradoxes:

a. Rather than being dedicated to disease research or pursuit of environmentally friendly production techniques, the talents of many researchers are channeled toward making existing products distinct from each other. Is the level of product innovation excessive in market economies?

b. Further resources, including artistic talent, are devoted to advertising campaigns with the same seemingly wasteful objective of attracting customers from rival firms. Does free competition lead to the socially efficient level of advertising in market economies? Should public policy limit advertising and research?

Question 2

By Economic Growth we mean that:

1 The quality of the goods and services offered in the country is increasing.

2 The GDP per capita is growing from year to year.

3 There are more goods and services offered in the country.

4 The GDP is growing each year.

Question 3

Innovation is the key to economic growth because...

[Multiple correct answers]:

1 It allows greater output from the same labor and capital.

2 Many people can benefit from it simultaneously.

3 It has no decreasing marginal return (or it decreases only in the long run relative to capital and labor).

4 It allows higher productivity.

1a. What is the "one country, two systems" approach of China? How did it come about? How is the concept doing today?

1b. Describe and explain the four phases of the international planning process. Please provide example (s) when suitable.

1c. Describe the five characteristics of an innovation that assist in determining the rate of acceptance or resistance of the market to a product. Please provide examples.

1d. What has become the primary vehicle for doing business in many foreign countries? Explain and justify your answer with example(s).

1e. What are the various techniques that can be used to motivate middlemen? Please illustrate your answer with examples.

True/False: Venture Capital companies are leading investors in the merger of financial technology companies

Ture or False

Briefly discuss what technology is and the constraints it imposes on productivity. What are fixed inputs? What are variable inputs?

For the company Microsoft, report the following: industry, products, competitors, regulations, technology challenges and some financial data.

What is an I-health record and who would benefit from it?

Course: Information Technology for the Health Professions   

Describe hybrid cell technology. What does this technique ultimately produce, and what makes this product useful?

Briefly describe the following terms as used in laser technology:

Laser performance                            [4]

Q-switching                                [4]