Answer:
First question answer:
differences in values
Both Hilary and Edison are economists who have a scientific (from the social sciences) understanding of economic phenomena. However, Edison values economic efficiency more, while Hilary values equality more.
The reason for this is that what is economically efficient does not necessarily benefit everyone, and the less fortunate, according to Hilary, need a helping had, in this case, the government.
Second question answer:
Employers should not be restricted from outsourcing work to foreign nations.
The thing economists agree the most is that free trade benefits all parties, therefore, the vast majority of economists believe that restrictions on the free trade of goods and services is harmful to the economy. This includes restrictions on the free movement of labor.
Explanation:
A store of value, but not a medium of exchange.
The answer is letter c, the cost of franchising exceeds the franchising fee. It is because when an individual becomes a franchisor, the person would likely expect to pay fees in which the costs may exceed or may be higher than the individual could expect.
Answer:
d) standard; fast
Explanation:
Standard cycle market is defined as a market where a company's products (competitive advantage) are shielded from imitation. This is seen in the given scenario as multi-year contracts with artists and sold copyright-protected music through established distribution channels.
Fast cycle market on the other hand occurs when the competitive advantage of a company is not shielded from imitation. The imitation occurs regularly. In the given scenario this is exemplified by a shift to the digital format and the rise of Internet technology have resulted in the sharing of music over peer-to-peer networks, a practice the industry calls "piracy