In a two-sided market, the platform may offer different prices to different group of end users due to
A. a lack of product differentiation in the products sold.
B. different network effects between groups of end users.
C. substitution effects between the end users and the platform.
D. the budget constraints of end users.
Answer: B
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Which of the following was true of the U.S. job market between 1929 and 2011? a. The number of jobs created in the organized sector was less than that in the unorganized sector. b. The number employed people increased by less than five percent
c. The average education of workers increased over the years. d. The productivity of workers declined over the years. e. The growth in employment opportunities was slower compared to the growth in population.
A dramatic and sustained increase in oil prices would most likely:
a. increase demand-pull inflation. b. decrease demand-pull inflation. c. increase cost-push inflation. d. decrease cost-push inflation.
Refer to Figure 36.3 for the dollar-Swiss franc foreign exchange market. Which of the following is true?
A. An increase in supply from S1 to S2 could be caused by an increase in the U.S. demand for Swiss chocolate. B. An increase in supply from S1 to S2 could be caused by an increase in Swiss demand for U.S. corn. C. The U.S. dollar appreciates in value compared to the franc when supply increases from S1 to S2. D. The Swiss franc appreciates in value compared to the U.S. dollar when supply decreases from S2 to S1.
If consumption expenditures are $600 million, spending on gross investment is $100 million, imports are $50 million, exports are $55 million, government spending on goods and services is $400 million, than GDP is
A. $1,105 million. B. $790 million. C. $905 million. D. $1,010 million.