Due to the network externalities in the game console market, we would expect this market to
A. be efficient.
B. be serviced by a natural monopoly.
C. be highly concentrated.
D. overproduce game consoles.
Answer: C
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Suppose that initially there is no public debt. Using the above table, what is the public debt as a percentage of GDP in Year 3?
A) 1.7 percent B) 2.0 percent C) 7.7 percent D) 5.9 percent
Superhighways, public housing facilities, and defense projects are all ways that the President can:
a. close a recessionary gap b. close an inflationary gap c. combat inflation d. raise unemployment e. reverse the paradox of thrift
If buyers expected the future price of a good to decrease, it would tend to increase the current quantity exchanged
a. True b. False Indicate whether the statement is true or false
Foreign investment in the United States gives us
A. greater control over our economy. B. less control over our economy. C. neither greater control nor less control over our economy.