Information Economics

I'm working on a information economics question and need support to help me learn.The Bureau of Economic Analysis measures gross domestic product of an each state, which is the market value of goods and services produced by the labor and property located in a state.Our national real GDP growth rate is 33.4% from the second quarter to the third quarter in 2020. Real GDP growth rate in Oklahoma is 24.2%, which is below the national growth rate.Question 1 (5 points).…

In order to complete this assignment, you must begin by identifying an information system used by an organisation with which you are familiar.The first step is to identify the organisation: you are most likely to choose an organisation in which you are currently or have previously been employed. However, this is not compulsory: you are free to choose a different organisation if you feel you know enough about it.The second step is to identify an information system used by your…

There are many types of auctions, each with strengths and weaknesses at uncovering the real price or value of an item. Auctions are widely used in finance, e-commerce, and e-games. They are also widely used to generate revenue for not-for-profit organizations. The following video describes auctions as price discovery mechanisms:The Ideal Auction. Use the video on auctions and at least three academic or high-quality business publications to compare and contrast English auctions and Dutch auctions, and sealed-bid first-price auctions and…