In the mobile device industry, an example of a platform firm is
A) a mobile apps developer.
B) a developer of mobile device operation systems.
C) a retailer of mobile device accessories.
D) a provider of wifi networks.
Answer: B
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All of the following are governmental efforts to decrease poverty EXCEPT
A) Supplemental Security Income. B) the earned income program. C) transfer payments. D) tariffs.
If goods A and B are complements, and if the price of good B rises, how will this affect the market equilibrium for good A?
a. Price will rise and quantity will fall. b. Price will fall and quantity will rise. c. Price and quantity will both rise. d. Price and quantity will both fall.
Suppose that during World War II the long-run aggregate supply curve shifted right. In order for price and output to have changed in the direction they did, what would have to have happened to aggregate demand?
a. It would have to have shifted left by less than aggregate supply shifted b. It would have to have to shifted left by more than aggregate supply shifted. c. It would have to have shifted right by less than aggregate supply shifted d. It would have to have to shifted right by more than aggregate supply shifted.
.For a typical product, an increase in consumer income will cause the market demand for the product to
What will be an ideal response?