Which of the following does not provide an example of network externalities?

A. The telephone system
B. A language
C. A patent
D. The Internet


Answer: C

Economics

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The monetary base does NOT include

A) currency. B) reserves of depository institutions. C) checking accounts at commercial banks. D) commercial banks' reserves.

Economics

During a banking crisis during the period of free banking, the unexpected surge in the demand for money in the form of specie would cause bankers to call in loans which would, in turn, squeeze credit, slow output and increase unemployment

Indicate whether the statement is true or false

Economics

If the federal government runs a budget _______, then the national debt becomes __________

a. surplus, larger b. deficit, smaller c. surplus, smaller d. none of the above

Economics

Eliminating health disparities across various population groups requires that we:

a. initiate health system reform to bring about universal insurance coverage. b. address the source of many individual disparities that rest in behavioral, socioeconomic, and environmental factors. c. expand in-patient hospital access for inner-city residents. d. focus solely on improving the health of our most vulnerable population groups. e. provide better health and nutritional education.

Economics