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One option available to regulate a monopoly is?
In certain cases, the government might have to intervene by imposing fines or otherwise regulate the business. In the case of public goods, the government might actually have to be the producer of certain desirable, yet unprofitable goods and services.
When might it be desirable for a government to act as producer of goods and services with regards to economics?
Discussion of areas of market failure. This will be expressed in general terms - syllabus mentions the government as a producer of goods and services but does not deal with public and merit goods.
HOW DID PHOENICIAN ECONOMY DEPEND ON TECHNOLOGY?
It depended on technology because they couldn't deliver goods across the sea to other colonies if they didn't have technology like the wheel and sail. Furthermore, other colonies kind of depended on the Phoenicians to deliver trade across the sea...
What foreign goods or services that have influenced American culture?
Some foreign goods and services that have influenced American culture include raw materials such as crude oil and textile such as silk. Silk has influenced American dressing just the way cotton has continued to spell out the modes in which Americans dress.
What does the term 'allocative efficiency' refer to?
Allocative efficiency is the concept in economics where manufacturers and service providers only produce those goods and services which are in high demand and the most desirable to the consumer.
What are three kinds of goods mentioned by glaucon?
In Plato's "Republic," Glaucon mentions three kinds of goods: desirable for their own sake (intrinsic goods), desirable for their own sake and for their consequences (both intrinsic and instrumental goods), and desirable solely for their consequences (instrumental goods).
Why were Southerners upset by the level of tariffs in 1828?
They depended on goods from Europe.
Why was keeping peace with the British So important to the US?
Many colonists did not seek independence, only what they considered to be fair treatment.
Why were southern upset by the level of tariffs?
They depended on goods from Europe
How did Spartans the goods they needed for everyday life?
They depended on trade
Why were southerners upset with tariff of 1828?
They depended on goods from europe
Which best describes economic specialization in ancient Greece and rome?
It relied on agriculture or It depended heavily on importing goods
Why were southerners upset by the level of Tariffs 1828?
They depended on goods from Europe.
Why did the Americans want to control the Mississippi River?
Farmers depended on the river to send goods to the market.
Why was keeping with the British important to the US?
The United States depended on imported goods from Great Britain.
Is a culture that carries goods overseas a example of a classical culture?
yes
What was the relationship between the North and South like after the civil war?
South depended on northern manufactured goods
