Microsoft and its operating system are often cited as an example of a company that grew into a monopoly through:
What will be an ideal response?
network externalities.
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When making a decision, it is easier to identify and evaluate which of the following?
A. Costs associated with the decision. B. Benefits associated with the decision. C. Costs and benefits are equally easy to identify and evaluate. D. Neither of these is often easy to identify and evaluate.
Draw a two period budget line where the borrow/lending rate of interest, r, allows consumers to choose consumption in each of the two periods. C1 and C2 given their anticipated income on two periods, Y1 and Y2 . The slope is
a. r b. ?r c. 1 + r d. ?(1 + r)
Which statement is true?
A. The federal government never intervened in our economy until the 1930s. B. Federal government intervention in our economy has grown steadily since the time of the Civil War. C. The federal government has intervened in our economy from time to time throughout our history. D. None of these statements are true.
What happens in the long run after an increase in government spending growth?
A. Inflation expectations adjust and the SRAS curve shifts backwards. B. The AD curve remains permanently in its new position. C. The LRAS curve shifts out to match the increase in AD. D. The AD curve shifts back to its original position.