Network effects result from
A) entry barriers.
B) economies of scale.
C) standardization.
D) none of these choices.
C
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Which of the following is likely to cause the demand curve for cars to shift to the left?
A) A rise in the price of gasoline B) A rise in the price of cars C) An increase in the economy's national income D) An increase in the cost of production leading to an increase in the price of cars
In the figure above, what is the consumer surplus per day?
A) $100,000 B) $50,000 C) $125,000 D) $150,000 E) zero
By the standard of low-grade bonds, interest rates were ________ and monetary policy was ________ during the Great Depression
A) low; tight B) low; easy C) high; tight D) high; easy
The theory of economic growth divides the causes of growth into
A) elements affecting the output ratio and factors affecting population growth. B) elements affecting the output ratio and factors affecting inflation. C) elements affecting the amount of factor inputs available and the productivity of those inputs. D) None of the above.