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Globalization does not need media for global integration is impossible. Withoutmedia it will be difficult for countries to communicate with each other. Media alreadystarted a long time ago. In past, the source of media are newspapers, press andscriptures etc. which is used to inform other people. Today, Media are usually used forpolitics, promotion, and negotiation. In this generation, to build negotiation betweencountry to country they don't need to talk with each other in person because of media. Even they are separated by seas they stay connected. For example, Before the leadersof a two nation meet in person and tells the public what they have agreed on, they needfirst to communicate with the used of media, since it is a long process. When they meet,it is only for formality, but they already have plans.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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