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Question - Answer the below four questions provided on the National Council on Economic Education worksheet:
1. List three businesses that can exist today, because of the World Wide Web that could not have existed before the advent of this technological communication system.
2. How has the World Wide Web allowed supported the establishment and functioning of these businesses?
3. Do you think that the World Wide Web has made it easier or more difficult to start new businesses? Explain your answer.
4. Do you think that the World Wide Web has made it easier or more difficult for companies to establish themselves as monopolies? Explain your answer.
Now, pretend that you are an editorialist, and write an editorial considering whether or not you believe that monopolies should be illegal and defend your argument using pertinent economic theory.
i) Explain how this arrangement help to deal with the problem of moral hazard? ii) Explain how this arrangement help to deal with the problem of adverse selection?
What are the five criteria necessary in order for a good to be suitable as a medium of exchange, and explain whether Australian currency is suitable to use as a medium of exchange.
Some suggested topics are as follows: are the theories of imperialism valid today? Did recent U.S. financial crisis show that markets are imperfect?
Some people against trade will argue that "trade makes workers become unemployment". ONLY based on H-O model, do you agree or disagree that "in thelong run, trade makes workers become unemployment". Why?
In the wake of the energy crisis in California, many electricity generating facilities across the nation are reassessing their projections of future demand and capacity for electricity in their respective markets. As a manager at Florida Power & L..
Your richrelative died and left you $100,000, which you decided to use for your own Internet business and what will be your fixed and variable costs? Briefly discuss.
Elucidate whether you would draw an aggregate demand or aggregate supply diagram and predict what shift each situation would cause.
What roles do physical capital, human capital, technology, and natural resources play in influencing long run economic growth of aggregate output per capita?
What happens to the industry and the number of companies under competitive conditions?
Draw a indifference curve and degree of substition betweem goods: When the two goods are imperfect substitudes for each other, and assuming diminshing marginal rate of substitution.
Find out Trade Stats Express also find out National Trade Data. Determine the trade balance between the U.S. and China for the period of 2005-2011.
Provide an example of a method to hedge with energy futures. Explain why this is fiscally prudent. Use one reference when answering.
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