One effect of the Internet on business has been:
a. It has reduced start-up costs for many businesses.
b. It has decreased the types of goods that are available to consumers.
c. It has increased the prices of goods that are not purchased on the Internet.
Ans: a. It has reduced start-up costs for many businesses.
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What does the investment demand curve show?
What will be an ideal response?
Refer to Figure 18-1. Suppose that the U.S. government deficit decreases, causing interest rates in the United States to fall relative to those in the European Union. Assuming all else remains constant, how would this be represented?
A) Supply would increase, demand would increase and the economy moves from D to A to B. B) Supply would decrease, demand would increase and the economy moves from A to D to C. C) Demand would increase and the economy moves from A to B. D) Demand would decrease and the economy moves from B to A.
The market clearing price of computer modems has just decreased. Which of the following could have caused this change?
A) a decrease in supply at the same time that demand increases B) an increase in supply at the same time that demand decreases C) a decrease in supply with demand unchanged D) an increase in demand with supply unchanged
Macroeconomics is concerned primarily with
A) large firms or multinational corporations. B) production and prices in particular markets. C) aggregate economic variables. D) normative issues.