Which of the following has been a significant factor in the ability of iPads to compete effectively against laptop and desktop computers?
A. iPads are often superior to laptop and desktop computers in their ability to create content.
B. A scarcity of production capacity has curtailed the manufacture of laptop and desktop
computers.
C. Many consumers perceive that iPads are superior to laptops and desktop computers for
the consumption of digital media.
D. The prices of laptops and desktop computers have increased dramatically.
Answer: C
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Producer surplus is the price received ________ summed over the quantity sold
A) plus the consumer surplus B) multiplied by the quantity sold C) minus its marginal cost of production D) subtracted from the value of the good
Indexation is designed to
A) moderate the costs of inflation, not inflation itself. B) rapidly reduce inflation. C) reduce the natural rate of unemployment. D) rapidly reduce inflationary expectations.
The college textbooks market is an example of
A) perfect competition. B) oligopoly. C) monopoly. D) monopolistic competition.
Which of the following categories constitutes the majority of federal outlays in 2016?
a. National defense b. Interest on the federal debt c. Social Security, Medicare, and welfare d. Grants to states and localities e. Capital expenditures