If Microsoft wanted to prove to the Justice Department that its Windows software has many substitutes that personal computer owners can use, Microsoft hopes to find
A) that the demand for Windows is inelastic.
B) that the demand for Windows is elastic.
C) a large positive value for the cross elasticity of Windows and other software.
D) a negative income elasticity for Windows.
E) a positive income elasticity for Windows.
C
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According to this Application, many economists believe that the increase in "globalization" in the last 30 years has ________ the ability of countries to levy taxes at rates that differ substantially from other countries
A) limited B) slightly increased C) greatly increased D) eliminated
Economies cannot function without money
Indicate whether the statement is true or false
Republicans often argue in favor of what to push the economy toward economic recovery, as they did during the recession that began in 2008?
A. Tax cuts B. Increase government spending C. Decrease government spending D. Encourage the public to save more
As the economy recovered from the 2008-2009 recession during 2010-2013 the employment/population ratio
a. rose sharply during the expansion. b. remained well below the rates achieved prior to the recession. c. remained well above the rates achieved prior to the recession. d. rose even though the labor force participation rate was declining.