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Discussion Questions
1. What are some of the advantages and disadvantages of mobile payment systems in (a) developed countries and (b) developing countries?
2. What are the key factors that differentiate the different mobile payment systems? Which factors do consumers care most about? Which factors do merchants care most about?
3. Are there forces that are likely to encourage one of the mobile payment systems to emerge as dominant? If so, what do you think will determine which becomes dominant?
4. Is there anything the mobile payment systems could do to increase the likelihood of them becoming dominant?
5. How do these different mobile systems increase or decrease the power of (a) banks and (b) credit cards?
When ping pong balls cost $1 each, Alice is willing to buy 10 balls, and Joe is willing to buy 10 balls. When they cost $1.50 each, Alice is willing to buy 6 ba
Regarding the definition of microeconomics, how would you express the definition as it relates to antitrust policy and regulation?
An article in the Economist states that the value of potential GDP: "is almost impossible to pin down in real time since the economy's equilibrium long-run stock of capital and labour are so difficult to estimate with precision..." By "real time," th..
Ohm Control Systems is a large manufacturer of control systems for the electrical power generation and distribution industry. Over the past few years, Ohm has watched overseas competitors take away market share with products that are priced lower and..
Please do not send any pictures, just text which can be copied and modified, thanks.
How does the government affect the profit rate? Give examples of the ways in which the government can alter each of the determinants of the profit rate. Why is it not always possible for the government to adopt policies that will ensure a high profit..
During the industrial revolution:
Malthusians and Neo-Malthusians believe that, eventually, the population of the earth will be exceeding the number of people able to be sustained by the earth's food production. As such, they advocated different forms of population control. However, ..
Critically evaluate, using diagrams where appropriate, Vernon's product life cycle theory as a framework with which to explain the location, trade and foreign i
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You’ve recently learned that the company where you work is being sold for $390,000. The company’s income statement indicates current profits of $27,000, which have yet to be paid out as dividends. Assuming the company will remain a “going concern” in..
Define Karl Polanyi's concept of economic integration based on reciprocity and provide an example.
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