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Suppose that two countries are in an arms race modeled by the system of differential equations
where y1 and y2 are measured in thousands. Find the solution for the system with initial conditions , and use it to predict the long-term amounts of arms held by each country.
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An unplanned decision to buy a product or service, made just before a purchase.
Behavioral Economics
The study of how psychological, social, cognitive, and emotional factors affect economic decisions and the implications for market prices, returns, and resource allocation.
Retail Stores
Physical or online outlets that sell goods directly to consumers for personal or household consumption.
Behavioral Economist
An economist who studies the effects of psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
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