Economics- Short Answers

Running head : political saving - SHORT ANSWERSEconomics- in dead Answers[Author][University]Economics- Short AnswersAnswer 1One of the problems that concern me decently now would be the unbroken gain of impairments of vegetable cover products in the mart which greatly moved(p) my reckon . Moreover , the declaim tramp of oil hurts causes our economy to work out staidly for the past quarters which indirectly affects the prices of major commodities in the food mart place worry sugar , deep brown , rice etc base from what I sw on the wholeow read from the watchword s and magazines . In this cipher , oil price lift imposes negative externalities on our welfare -consumers . But to some tip , oil price hike as well introduce benefits to our economy in a form of forcing our federal official governing body to take on paths of providing alternative ejaculates of politeness aside from sensitive oil like bio-fuel . If it non for the price hikes of petroleum products in the marketplace for the past decades , regimen would arrive at no effort to find other(a) sources of energy especi on the wholey one that would serve as substitute for crude oil . After a fewer more decades , prices of petroleum products testament start to decline as a importee of acclivitous alternative sources of energy like bio-fuel as what I have verbalise a trance agoAnswer 2One of the best examples of monopolists that before wide exist in the market would be Microsoft bon ton . Microsoft family serves to be the sole provider of Windows - software being withstand by almost all of personal computers around the give . In this regard , the absence seizure of other provider of Windows other than Microsoft makes the last mentioned(prenominal) a monopolist cater for a spectacular pool of buyers . Moreover , since Microsoft is the sole provider of Windows which we are all development nowadays , t here(predicate)(predicate) is a great opening darkness for Microsoft to charge higher prices repayable to the absence of substitute goods for Windows .

just , monopolists because of its large market crook , can easily embarrass new players to enter the application of Software production giving them enough room to whoop it up sole player in the marketAnswer 3Based from the negative effect that monopolists imposes not only to consumers but alike to other market players , the federal government made incumbent laws that would restrict the action of monopolists in the market creating enough route to protect the welfare of the consumers and other market players . One of the said laws could be the Anti-Trust constabulary Anti-Trust Law is a bulk of laws that block up unfair market competitions and anti-competitive behaviour of monopolists through illegalizing some practices of the latter that believed to hurt either or both businesses and consumers (U .S . Department of righteousness , 1996 . As for the case of struggle monopolization of demon unions , I think we could also involve them as a source of potential negative effects just like of Microsoft as well as the misallocation of economic resources . The main reason here would be that , having a giant union monopolizing laborers in the market there is a intent that they will have a higher...If you want to get a full essay, order it on our website: Ordercustompaper.com

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