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Question is in the picture. Please contact me if there are any issues regarding the question. For each of the following questions, provide a detailed

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For each of the following questions, provide a detailed answer that makes direct reference to the course readings. Fully explain the economic concepts being discussed in each question. Provide real-world examples when asked. Make sure you fully explain your examples. Make sure you fully answer all parts of each question. New Institutional economists try to explain how we create rules to reduce transaction costs and overcome uncertainty so that we can trust each other enough to engage in anonymous trade with strangers over long distances. What is a modern example of an institution that we have developed that helps us accomplish ONE of the following goals? 1. Reduce the cost of gathering information; 2. Increase the mobility of capital; and 3. Share risk with others and/or convert uncertainty into risk

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