The advent of Netflix movie streaming and Redbox kiosks renting DVD and Blu-ray movies have virtually demolished the market for video rentals from brick and mortar stores such as Blockbuster. This is an example of
a. creative destruction.
b. derived demand.
c. capital accumulation.
d. the difference between normal and economic profits.
Creative destruction.
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Explain the differences between commodity money, representative commodity money, and partially backed representative commodity money
What will be an ideal response?
In the short run, the relevant costs for a firm to consider whether to shut down production are:
A. average total costs. B. average variable costs. C. average fixed costs. D. fixed costs.
On a graph for the Gini Coefficient, the Gini Coefficient is calculated by ______.
a. multiplying area A by area B b. dividing area A by area B c. multiplying area A by area A + B d. dividing area A by area A + B
Factors that shift the IS curve involve:
A) interest rates and levels of GDP. B) the quantity of money and the demand for money. C) the trade balance. D) exogenous variables affecting demand, such as a change in government spending or a change in the exchange rate.