Which of the following are examples of situations involving a positive network externality?
A. Toys and fads
B. A social network
C. The bandwagon effect
D. All of the above
D. All of the above
You might also like to view...
If the MPS = 0.2, the multiplier would be
A) 0.5. B) 1. C) 2. D) 5.
Which of the following organizations was NOT the result of the Bretton Woods Conference in 1944?
A) the League of Nations B) the General Agreement on Tariffs and Trade C) the International Monetary Fund D) the International Bank for Reconstruction and Development
Offering an expensive engagement ring to your (future) bride is a
a. Screening mechanism b. Signaling mechanism c. Way to waste money d. None of the above
Which of the following is the best example of an action that imposes an external cost?
a. Wear and tear on your car as the result of frequent use. b. Deterioration in the average quality of a house you own as the result of poor maintenance. c. Water pollution from an upstream factory that increases the cost of providing clean water to downstream residents. d. A rose garden on your property from which your neighbor gets much enjoyment.