A network must be small if network externalities are to be huge

Indicate whether the statement is true or false


False

Economics

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What do taxes do?

(a) Impact the incentive to use resources efficiently (b) Transfer income from the person or entity paying taxes to other individuals or entities (c) Affect the relative prices of goods, services and resources (d) All of the above

Economics

Consumer surplus measures the benefit to buyers of participating in a market

a. True b. False Indicate whether the statement is true or false

Economics

Competitive Market

What will be an ideal response?

Economics

Absolute real economic growth is an increase in __________ from one period to the next

A) GDP B) Real GDP C) per-capita Real GDP D) per-capita GDP E) none of the above

Economics