The establishment of Silicon Valley in California is a contemporary example of _______; one that many have unsuccessfully tried to
Fill in the blank(s) with the appropriate word(s).
network effects
You might also like to view...
When economists use the term "ceteris paribus," they mean that: a. the causal relationship between two economic variables cannot be determined. b. the analysis is true for the individual but not for the economy as a whole
c. all other variables except the ones specified are assumed to be constant. d. their conclusions are based on normative rather than positive economic analysis.
Figure 4-21
Refer to . How much tax revenue does this tax produce for the government?
a.
$480
b.
$600
c.
$800
d.
$1,080
If taxes and government expenses did not vary with income, then income would:
A. not be more or less stable. B. be less stable. C. be more stable. D. be closer to potential income.
When an economy is producing efficiently, it is
A. Getting the maximum goods and services possible from the available resources. B. Producing equal amounts of all goods. C. Experiencing decreasing opportunity costs. D. Producing a combination of goods and services beyond the production possibilities curve.