The rapid advance in computer technology is one of the reasons given for the shift of the
A. aggregate demand curve outward.
B. aggregate supply curve inward.
C. aggregate supply curve outward.
D. total expenditures curve upward.
Answer: C
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What is a network externality?
A) It refers to a product that requires connection to a network for it to be useful. B) It refers to a situation in which a product's usefulness increases with the number of people using it. C) It refers to having a network of suppliers and buyers for a good or service. D) It refers to lobbying to form a public enterprise.
The market structure for the airline industry is determined by:
A.) the number of carriers servicing a given route. B.) the fares charged by competing airlines. C.) the number of routes available. D.) the price charge for flights.
Which of the following groups of countries were members of NAFTA?
A. Japan, Canada, and Mexico B. the United States, Japan, and Mexico C. the United States, France, and Germany D. the United States, Canada, and Mexico
For the use of the employee’s participation in production, an employee receives
a. wages. b. rent. c. interest. d. profit.