Author Question: The Internet has made transactions between businesses (B2B trading) fast and easy. Any business in ... (Read 194 times)

wenmo · **on:** Jun 30, 2018

The Internet has made transactions between businesses (B2B trading) fast and easy. Any business in any location can access specialized knowledge, labor, and materials. It is likely that these virtual economic communities will result in

A) external economies of scale.
B) internal economies of scale.
C) consolidation of industries into a small number of powerful firms.
D) suppression of innovations and collusive behavior, driving up prices.
E) government intervention and regulation.

Question 2

Recent guest worker programs have involved temporary migration from

A) poor countries to richer countries.
B) poor countries to other poor countries.
C) rich countries to poor countries.
D) rich countries to other rich countries.