Which of the following is NOT subject to a network effect?
A) the layout of the keys on your keyboard
B) rotating your tires every six months
C) listening to popular songs
D) purchasing a new high-definition DVD player
Answer: B
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In the balance sheet for the FBN bank above, the entries are in millions of dollars.. After FBN Bank loans the maximum amount it can, the loans have been spent, and the proceeds have been deposited in other banks, FBN Bank has excess reserves of
A) $360 million. B) $280 million. C) $100 million. D) $0.
Given the scenario described, if the market price of hammers was $12, then total producer surplus would be:
Assume there are three hardware stores, each willing to sell one standard model hammer in a given time period. House Depot can offer their hammer for a minimum of $7. Lace Hardware can offer the hammer for a minimum of $10. Bob's Hardware store can offer the hammer at a minimum price of $13. A. $7. B. $9. C. $17. D. $30.
Which one of the following will shift the consumption function upward?
A. higher interest rates B. expectations that the economy will grow in the future C. a decrease in money holdings D. higher capacity utilization rates
Explain why deflation can be so troubling to borrowers and lenders.
What will be an ideal response?