When Apple put together a set of digital apps that ran within its own operating system, it was practicing

A. bundling.
B. compacting.
C. versioning.
D. tie-in sales.


Answer: A

Economics

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Using the data in the above table, in the short-run macroeconomic equilibrium, there is

A) an inflationary gap of $1 trillion. B) an inflationary gap of $2 trillion. C) a recessionary gap of $1 trillion. D) a recessionary gap of $2 trillion.

Economics

Monopoly firms in contestable markets view the major threat to an exploitation of monopoly power to be

a. government regulation b. antitrust policy c. nationalization d. laissez-faire e. the competition from new entrants

Economics

"The economic wealth of this country is primarily the result of the profit made by some individuals at the expense of others." The person who made this statement

a. has failed to comprehend that mutual gains result from specialization and exchange. b. has failed to comprehend the fallacy of composition. c. has failed to understand the significance of the production possibilities constraint. d. has utilized the economic way of thinking; the statement is essentially correct.

Economics

At high levels of interest, borrowers will borrow ____ and suppliers will supply ____.

A. more; less B. less; more C. less; less D. more; more

Economics