Platform businesses often don't charge people for their product. They do this because:
A. they earn income by mining the data they collect.
B. they are paid by government.
C. serving the public is what is meant by platform.
D. they gain goodwill by not charging for their product.
Answer: A
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Assume that the central bank lowers the discount to increase the nation's monetary base. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the GDP Price Index and net nonreserve international borrowing/lending balancein the context of the Three-Sector-Model? State your answer after the macroeconomic system returns to complete
equilibrium. a. The GDP Price Index remains the same and net nonreserve international borrowing/lending balance becomes more negative (or less positive). b. The GDP Price Index rises and net nonreserve international borrowing/lending balance becomes more negative (or less positive). c. The GDP Price Index falls and net nonreserve international borrowing/lending balance becomes more positive (or less negative). d. The GDP Price Index and net nonreserve international borrowing/lending balanceremain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
C) ran a deficit of approximately 10 percent of GDP.
A) redistribution of income from the rich to the poor and price controls to make sure that the prices of essential goods are low B) a balanced federal budget and imposition of trade restrictions that will protect American businesses and assure jobs for all C) regulation of markets and rapid expansion in the supply of money so people will be able to buy goods D) protection of people and their property from aggressors and the provision of a few goods that are difficult to supply through markets
A _________ monopoly is regulated and can provide cheaper service than could several competing firms.
Fill in the blank(s) with the appropriate word(s).
Barbie is deciding whether to play soccer or go swimming over the next hour. She decides to swim. Economists would conclude that Barbie:
A. is revealing a preference for swimming over soccer. B. is more skilled at swimming than playing soccer. C. was unable to play soccer at that time. D. will get less utility from swimming during the next hour than playing soccer.