When an increase in a network's membership increases the product's value to users, there are
a. network externalities.
b. economies of scale.
c. natural monopolies.
d. diminishing costs.
A
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If you are buying a bond that is newly issued by the corporation, you are buying it in the primary market.
Answer the following statement true (T) or false (F)
A major corporation hires high school students on a part-time basis. It offers a reward of $5,000 to any of its high school seniors who graduate college in four years
What is the present value of that reward to a student who just finished her junior year of high school, assuming a nominal rate of interest of 8%?
The basics of the welfare state in the United States started as part of:
A. reparations after WWI in the late 1910s. B. the Bretton Woods plan after WWII in the 1940s. C. the New Deal legislation in the 1930s. D. the Great Recession Recovery and Aid Acts in the 2000s.
Which of the following is considered an advantage of a sole proprietorship?
A) easy to raise large sums of capital B) limited liability for owner C) profit taxed only once D) permits effective specialization