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Internet Exercises
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1

Go to http://search.ebay.ca/diamonds

Diamonds - Interested in Buying One? Use the link in the McConnell-Brue-Barbiero Web site (Chapter 2) to access the Internet auction site eBay. How many loose diamonds are for sale at the moment? Note the wide array of sizes and prices of the diamonds. In what sense is there competition among the sellers in these markets? How does that competition influence prices? In what sense is there competition among buyers? How does that competition influence prices?
2

Go to http://www.cra-arc.gc.ca/E/pub/tp/it490/it490-e.html

Barter and the Canada Customs and Revenue Agency Bartering occurs when goods or services are exchanged without the exchange of money. For some, barter's popularity is that it enables them to avoid paying taxes to the government. How might such avoidance occur? Use the link in the McConnell-Brue-Barbiero Web site (Chapter 2) to access the Canada Customs and Revenue Agency's interpretation of barter transactions. Does CCRA treat barter as taxable or non-taxable income? How is the value of a barter transaction determined?





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