1.How do resources and technology affect a country’s production possibilities?

2.Consider the centrally planned economy of the Soviet Union or China. Choose one and explain how its experience shows the problems with a centrally planned economy.

3.Why was the New Hampshire state legislature unable to take control of Dartmouth College?

4.A company has a monopoly on a glue used in TVs and phones. The company can make as much of the glue as it wants. It chooses to make less glue than it is able. Why?

Question

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21-09-2016
Business

Answered

1.How do resources and technology affect a country’s production possibilities?

2.Consider the centrally planned economy of the Soviet Union or China. Choose one and explain how its experience shows the problems with a centrally planned economy.

3.Why was the New Hampshire state legislature unable to take control of Dartmouth College?

4.A company has a monopoly on a glue used in TVs and phones. The company can make as much of the glue as it wants. It chooses to make less glue than it is able. Why?

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taskmasters taskmasters · Answer 1 · 2016-09-23T07:06:10-04:00

1.Technology increases the products being produced per year. Through technology, factories were built to help in mass production.2. For centralized economies like China and the Soviet Union, one of the biggest flaws is that the economy will be handled by the government. Everyone will have an equal share despite if they had worked more than others. This kind of economy will be easily abused if not handled properly.3. The trustees of the college had deposed their president, causing them to file a contract clause to make Dartmouth College to become a public school.4. Because they want to create a scarcity on the products so that they can raise the price to keep it balance.