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How is concentration of economic power dangerous in terms of security and democracy? How do leakages through international trade and finance reduce the government's ability
- How is concentration of economic power dangerous in terms of security and democracy?
- How do "leakages" through international trade and finance reduce the government's ability to fight recessions?
- What does our Macroeconomic Model predict will happen to GDP (economic output) if the government increases its spending, but offsets that spending with more taxes?
- Why do intellectual property rights increase global inequality? Examples help.
- How is Capitalism enmeshed with "Global Warming?" How has COVID19 affected the characteristics of the Transnational Capitalism SSA (Social Structure of Accumulation)?
- Consider the competitive market for e-bikes in NYC. Remember, competitive markets have many buyers and sellers - each without market power. What do we predict will happen to the price and quantity of e-bikes in NYC if a credible report for the general public (by the trusted Departments of Health and Sanitation) says that e-bikes cause 100 times the hemorrhoids as regular bikes? You must explain which curves move and how this results in a new equilibrium. Report on the direction of price and quantity change. You do not need to speculate on the magnitude of the changes.
- Who suffers when markets "fail?" Does anyone win when markets "fail?" Use an example.
- Give two examples of how companies tap into government functions to help reduce competition.
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Answer Concentration of economic power is dangerous for security and democracy because it can lead to monopolistic behavior where a few large corporations control significant portions of the economy T...Get Instant Access to Expert-Tailored Solutions
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