Some Argue That New Technologies Such as E-Mail and Texting

question 2

Essay

Some argue that new technologies such as e-mail and texting will lead to more informed and engaged businesspeople. Others feel that the new forms of communication will lead to more superficial communication and more easily manipulated people. Where do you stand on this issue? State your position clearly and provide support with specific examples.

Assess how different market interventions (price ceilings, price floors, quotas) lead to inefficiencies such as deadweight losses.

Interpret market diagrams and use them to predict changes in the market resulting from government policies.

Understand the economic rationale behind using price controls and quotas as market interventions.

Evaluate the effects of market interventions on consumer and producer behavior.

---

Definitions:

Finished Goods Units

The quantity of completed products available for sale or distribution at the end of a production process.

Sales Budgeted

This refers to a financial plan that estimates the expected revenues from sales within a specific period.

Master Budget

A comprehensive financial planning document consolidating all of an organization's budgets and plans.

Budgeted Balance Sheet

A projection of what a company's balance sheet will look like at a future date, based on estimated assets, liabilities, and shareholders' equity.