What is the difference between basic research and applied, Microeconomics

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What is the difference between basic research and applied

1. (Basic and Applied Research) What is the difference between basic research and applied research? Relate this to the hu- man genome project-research aimed at developing a complete map of human chromosomes, showing the location of every gene.

2. (C a s e S tudy: Computers and Productivity Growth) How has the increased use of computers affected U.S. productivity in the last few years? Is the contribution of computers expected to increase or decrease in the near future? Explain.

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