In the cable TV service industry, end users are
A) advertisers only.
B) cable TV subscribers only.
C) both advertisers and cable TV subscribers.
D) no one.
Answer: C) both advertisers and cable TV subscribers.
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In the knowledge economy
A) physical property rights appear to be lacking. B) property rights have become stronger. C) property rights have been replaced by network externalities. D) intellectual property rights appear to be lacking.
Which of the following does the Federal Reserve not do?
a. It controls the supply of money. b. It acts as a lender of last resort to banks. c. It makes loans to any qualified business that requests one. d. It tries to ensure the health of the banking system.
Evidence suggests that as the importance of what's at stake grows, loss aversion:
A. does not change. B. is reversed. C. becomes much less pronounced. D. becomes even more pronounced.
Suppose the consumption equation is represented by the following: C = 250 + .75YD. Given this information, the marginal propensity to save is
A) .25. B) .7. C) 1. D) 4. E) none of the above