An online dating firm is
A) a platform in a shared-input market.
B) an end user in a matchmaking market.
C) a platform in a matchmaking market.
D) an end user in a shared-input market.
Answer: C
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In the base year:
A. nominal and real GDP are equal by definition. B. real GDP will only be larger than nominal GDP if prices increased in the base year. C. nominal GDP is always larger than real GDP because prices are held constant. D. real GDP is always larger than nominal GDP because prices are held constant.
Which of the following is true?
What will be an ideal response?
If income is distributed equally in a society, the poorest fifth of the population receives
A. 5 percent of the total income. B. one-fifth as much as the richest fifth of the population. C. 20 percent of society’s total income. D. 50 percent of society’s total income.
The goal of an oligopoly is to maximize
A. Short-run profit to achieve long-run maximum revenue. B. Market share to achieve long-run economic profit. C. Profit in the short run and to minimize cost in the long run. D. Short-run profit to achieve long-run market share.