Economics- Short Answers

Running head : ECONOMICS - SHORT ANSWERSEconomics- in bunco Answers[Author][University]Economics- Short AnswersAnswer 1One of the problems that concern me right now would be the nonstop gain of impairments of petroleum products in the mart which greatly alter my reckon . Moreover , the utter shoot down up of oil prices causes our economy to work out badly for the past quarters which indirectly affects the prices of major commodities in the foodstuff standardized sugar , cocoa , rice etc base from what I have read from the intelligence operation s and magazines . In this regard , oil price hike imposes negative externalities on our welfare -consumers . But to some tip , oil price hike as well bring benefits to our economy in a form of forcing our national judicature to construe paths of providing alternative sources of dexterity aside from sensitive oil like bio-fuel . If it not for the price hikes of petroleum products in the marketplace for the past decades , regimen would make no effort to find opposite sources of energy especi on the wholey one that would serve as substitute for crude oil . After a hardly a(prenominal) more decades , prices of petroleum products will start to decline as a importee of emerging alternative sources of energy like bio-fuel as what I have said a slice agoAnswer 2One of the best examples of monopolists that before long exist in the market would be Microsoft bon ton . Microsoft Company serves to be the sole supplier of Windows - software being apply by almost on the whole of personal computers around the ground . In this regard , the absence seizure of other provider of Windows other than Microsoft makes the latter(prenominal) a monopolist cater for a spectacular pool of buyers . Moreover , since Microsoft is the sole provider of Windows w hich we are all using nowadays , t here(pred! icate) is a great opening night for Microsoft to charge higher prices cod to the absence of substitute goods for Windows .

moreover , monopolists because of its large market curve , can easily embarrass new players to enter the manufacture of Software production fine-looking them enough room to enthrall sole player in the marketAnswer 3Based from the negative cause that monopolists imposes not only to consumers but also to other market players , the federal government made incumbent laws that would restrict the action of monopolists in the market creating enough way to protect the welfare of the consumers and other market players . One of the said laws could be the Anti-Trust righ t Anti-Trust Law is a bulk of laws that hinder unfair market competitions and anti-competitive demeanor of monopolists through illegalizing some practices of the latter that believed to hurt either or both businesses and consumers (U .S . Department of justness , 1996 . As for the case of effort monopolization of monstrosity unions , I think we could also insure them as a source of potential negative effects just like of Microsoft as well as the misallocation of scotch resources . The main reason here would be that , having a giant union monopolizing laborers in the market there is a movement that they will have a higher...If you want to get a full essay, order it on our website: OrderEssay.net

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