When network effects are important, then an industry can experience
A) positive market feedback.
B) prince-leadership.
C) a zero-sum game.
D) a vertical merger.
Answer: A
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The federal government receives most of its revenues from
A. personal income taxes. B. property taxes. C. corporate taxes. D. excise taxes.
Exhibit 9-3 Keynesian aggregate expenditures model
?
As shown in Exhibit 9-3, if GDP is $6 trillion, the economy experiences unplanned inventory:
A. depletion of $2 trillion. B. depletion of $6 trillion. C. accumulation of $2 trillion. D. accumulation of $6 trillion.
Which of the following situations will arise in the domestic market following the removal of an import quota?
A. imports increase, domestic production increases, prices increase B. imports increase, domestic production decreases, prices decrease C. imports decrease, domestic production increases, prices decrease D. imports decrease, domestic production decreases, prices increase
A function of the Federal Trade Commission is to:
A. investigate instances of faulty and misleading advertising. B. establish railway rates for interstate railroads. C. ban or recall unsafe consumer products. D. prevent insider trading in securities markets.