A computer game is an example of
A. a credibility product.
B. a search product.
C. a free product.
D. an information product.
Answer: D
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The producer price index measures the cost of a basket of goods and services bought by firms rather than consumers
a. True b. False Indicate whether the statement is true or false
Which is a function of modern central banks?
A. To control securities markets B. To control the government's budget C. To manage fiscal policy D. To control the availability of money and credit
Suppose the market price is $5, marginal cost is $4, and average total cost is $2. The perfectly competitive firm in that market is
A) earning $3 in economic profits per unit of output and is not maximizing profits. B) earning $2 in economic profits per unit of output and is maximizing profits. C) earning $1 in economic profits per unit of output and is not maximizing profits. D) none of the above: Insufficient information is given.
Traditionally, the federal government provides disaster relief funds to flood victims so that they can rebuild their homes after a major flood
However, the government has recently denied requests to rebuild some homes that were situated in flood-prone areas. This action represents an attempt to ________ the moral hazard problem associated with building private homes in risky areas. A) enhance B) mitigate C) legalize D) support