Suppose a New Technology Is Developed That Increases Investment Demand

question 114

Essay

Suppose a new technology is developed that increases investment demand in both a closed economy and in a small open economy that are in other ways identical. Holding other factors constant, will the quantity of investment spending increase more in the closed economy or in the small open economy? Explain. Assume prices are flexible and that factors of production are fully employed in both economies. Assume there is perfect capital mobility for the small open economy.

Evaluate the implications of machine learning and artificial intelligence in law enforcement tools.

Comprehend the role of digital tools and platforms in collecting and analyzing user data.

Understand the impact of technology advancements on privacy and surveillance.

Discern the ethical use of technology in competitive practices, such as sports.

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Definitions:

Femoroacetabular

Pertaining to the joint where the femur (thigh bone) meets the acetabulum of the pelvis, commonly involved in hip movement.

Fibrocartilage Pads

Tough, thickened cartilage structures that act as shock absorbers and stabilizers in joints and between spinal vertebrae.

Glenohumeral

Pertaining to the shoulder joint, which involves the articulation between the glenoid cavity of the scapula and the head of the humerus.

Pronation

A rotation of the forearm or hand so that the palm faces downward or backward.