The main function of a platform firm is to
A) deal with the government on behalf of sellers.
B) link producers with consumers.
C) perform collective bargaining with sellers on behalf of buyers.
D) create entry barriers for an industry on behalf of existing firms.
Answer: B
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Use the following table to answer the next question.Current AccountFinancial AccountCapital Account-$753,438 $30,696This country has a ________.
A. trade deficit B. deficit in the financial account C. trade surplus D. deficit in the capital account
Deposit made by the public into a savings account are referred to as:
A) current deposits. B) stockholders' equity. C) demand deposits. D) overdraft.
Suppose a Russian economist told you that since the fall of communism, the Russian income distribution has shifted to perfect inequality, you would know then (no need to calculate), that the Russian Gini coefficient is
a. 1 b. 0 c. 10 d. -1 e. infinite
Which of the following is true?
A. A functional form misspecification can occur if the level of a variable is used when the logarithm is more appropriate. B. A functional form misspecification occurs only if a key variable is uncorrelated with the error term. C. A functional form misspecification does not lead to biasedness in the ordinary least squares estimators. D. A functional form misspecification does not lead to inconsistency in the ordinary least squares estimators.