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Topic 1: The Digital Divide
This week you read The Digital Divide is Still Leaving Americans Behind by Jessica Goodman.
Discussion: The digital divide, a term coined many years ago, still exists today. It is surprising to some that the divide still exists in the United States.Question #1: Do you believe that having Internet access, as the author suggests, is not a convenience or luxury, but a human right? List one benefit that closing the digital divide might provide (e.g. economic growth).
Topic 2: Open World
This week you watched Four Principles for the Open World by Don Tapscott.
Discussion: Tapscott believes that social media is becoming social production and that the Internet is a global supercomputer--every time people upload content to this supercomputer, it becomes more powerful as the new content becomes part of a global collective...a new means of production in the making. Tapscott believes that tapping into this supercomputer will allow us to innovate in ways that were not previously possible.Question #1: Locate one example that supports Tapscott's Four Principles (Collaboration, Transparency, Sharing, and Empowerment) and share this example with your classmates (justify and support your answer).
In a recession, consumers have less income to spend. As a result, if dining out is a normal good, then which of the following would happen to the demand curve for dining out?
The most-favored-nation policy implies that the United States will
In an auction, potential buyers compete for a good by submitting bids. Adam Galinsky, a social psychologist at Northwestern University, compared eBay auctions in which the same good was sold.
If the margin is greater than the average, what can we say about the average and margin?
Every alternative has a value for bill as described in the subsequent. Illustrate what is bill's prospect cost for attending class
A tax cut has just been announced. Congressman Growth states that its effect will be on the supply side, Congress Stable states that its effect will be on the demand side. Demonstrate graphically the effect of the tax cut on the price level and outpu..
Imagine that you have a $1,000 CD earning 5% interest (i = .05) indefinitely. a. What is the future value of this CD in 10 years? b. The CD earns $50 interest each year on the $1,000 principal, yet in ten years it will have earned more than $500 inte..
The airline industry, despite continued rapid growth, has been only marginally profitable over the last 50 years. What characteristics of the industry result in the lack of satisfactory profits?
Fixed cost for a hot water line per meter of pipe is $100X+$250 per year. The cost for loss of heat from the pipe per meter is $5.4X^-2 per year. Here, X represents the thickness of insulation inmeters, and X is a continuous design variable. What is ..
Some lenders charge an up-front fee on a loan, which is subtracted from what the borrower receives. This is typically described as "points" (where one point equals 1% of the loan amount). The federal government requires that this be accounted for in ..
Economists forecast future economic conditions by studying variables that tend to fluctuate in advance of the overall economy. The most significant of these variables are known as leading indicators, and they compose the index of leading economic ind..
Acme Tobacco is currently selling 5,000 pounds of pipe tobacco per year. Due to competitive pressures, the average price of a pipe declines from $15 to $12. As a result, the demand for Acme pipe tobacco increases to 6,000 pounds per year. What is the..
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