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