Which statement is true?
A. The Microsoft operating system, Windows, runs on more than 90 percent of the 100 million PCs sold in the world each year.
B. Microsoft's growing market power has enabled the company to crush competitors, thus eliminating competition and innovation.
C. In 1995 Microsoft signed a consent decree with the government that prohibits the company from tying the purchase of one product to another but that allow it to develop "integrated" products.
D. All of the statements are true.
D. All of the statements are true.
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Which of the following nations experienced average rates of economic growth of less than 2 percent over the last 100 years or so?
a. Bangladesh b. Pakistan c. United Kingdom d. All of the above are correct.
Liquidity refers to
a. the relation between the price and interest rate of an asset. b. the risk of an asset relative to its selling price. c. the ease with which an asset is converted into a medium of exchange. d. the sensitivity of investment spending to changes in the interest rate.
With consumption expenditure on the vertical axis and disposable income on the horizontal axis, the consumption function intersects the 45 degree line at $8 trillion. This result indicates that
a) autonomous consumption spending is $8 trillion b) consumption spending is $8 trillion when disposable income is $8 trillion c) consumption spending is less than $8 trillion because taxes must be paid d) consumption spending is more than $8 trillion because taxes have been paid
One of the sources of monopoly power for a monopoly may be:
A. diseconomies of scale. B. differentiated products. C. free entry and exit. D. patents.