U.S. net export spending falls when
A) the inflation rate is lower in the United States relative to other countries.
B) the growth rate of U.S. GDP is faster than the growth rate of GDP in other countries.
C) the value of the U.S. dollar decreases relative to other currencies.
D) the price level in the United States falls relative to the price level in other countries.
B
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Economies of scope refer to
A) changes in technology. B) the very long run. C) multiproduct firms. D) single product firms that utilize multiple plants. E) short-run economies of scale.
Advertising never makes sense for an oligopolistic firm.
Answer the following statement true (T) or false (F)
Governments can most effectively encourage a firm to produce the efficient level of output of a good whose production causes a beneficial externality by
A. increasing the demand at every price for the good. B. subsidizing the production of the good. C. taxing the production of the good. D. imposing a price ceiling on the good.
Which of the following best defines a negative network externality?
a. an increase in a consumer’s quantity demanded for a good because a greater number of other consumers are purchasing the good b. an increase in a consumer’s demand for a good because fewer consumers are purchasing the same good c. the costs involved in changing from one product to another brand or in changing suppliers d. the situation in which each firm is said to be doing as well as it can give the actions of its competitors