Economists use the phrase "network externalities" to describe the role technology plays in explaining why consumers buy products that other consumers are already buying.
a. true
b. false
a. true
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The federal government's abilities to tax during war- and peace-times are constrained by
(a) the need to be re-elected by the voting population. (b) the interests of the non-voting population. (c) the U.S. Constitution. (d) the protected rights of state and local governments to tax.
If Happy Avocados, a ready-made guacamole manufacturer, purchases an avocado farm, this is an example of ________.
A) outsourcing B) backward integration C) divestiture D) forward integration
If the demand curve for money were horizontal at some interest rate, an increase in the money supply
A) would lower the interest rate. B) would increase the rate of inflation. C) would be highly effective in reducing inflation. D) would not change the interest rate
The portion of US debt owned by various government trust funds
A. has remained constant (by law). B. dropped quickly from 2010 to 2015, from a peak in 2010. C. continues to rise. D. dropped to an all-time low in 2015.