Which of the following is an example of a network externality?
a. Amy sitting in her front yard enjoying the Fourth of July fireworks
b. People parked on Amy's street, making it difficult to walk on the street
c. Mary using LinkedIn to search for jobs, encouraging her friends to use it too
d. Allowing Delta Chemicals to use a natural lake to discharge waste
c
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A model's predictions are referred to as:
A) statistics. B) theories. C) hypotheses. D) empirical evidences.
Tom takes 20 minutes to cook an egg and 5 minutes to make a sandwich. Jerry takes 15 minutes to cook an egg and 3 minutes to make a sandwich. Tom has a comparative advantage in ________ and Jerry has a comparative advantage in ________
A) cooking eggs; making sandwiches B) making sandwiches; cooking eggs C) neither of these activities; both activities D) both activities; neither of these activities
TANF stands for _____
a. Temporary Aid to Needy Families b. Temporary Assistance to Needy Families c. Transitory Aid to Needy Families d. Transitory Assistance to Needy Families
Which of the following is not part of Hernando de Soto's The Other Path?
A. Reducing taxes. B. Encouraging the "underground" economy. C. Enforcing laws to safeguard private income. D. Improving infrastructure.