What is the efficiency of the most efficient combustion engine?
Explain why it is so inefficient. How does the efficiency of an
electric motor compare with an internal combustion engine? If this
were the selling feature for an electric car, explain why this is
terribly misleading.
Both markets and governments are inefficient. Explain why
economists are concerned with the inefficiency and offer a
compelling economic argument as to how to minimize inefficiency
Why do governments and central banks intervene in the foreign
exchange markets? If markets are efficient, why not let them
determine the value of a currency?
Reason(s) sales tax is efficient or inefficient (focus:
comparing deadweight loss, the efficient outcome of the competitive
model, and loss of production to society).
Why are e-markets more
efficient than traditional markets?
What are the main
functions of traditional and e-markets and explain them
briefly.
An e-market can either
be biased or unbiased. A biased market can be biased towards either
the buyers or the sellers. Explain the differences.
What are the
disadvantages of a biased market?
Give an example of how
disadvantages you mentioned in the former question have an effect
on the probability of success of an e-market place.
Which three factors...