Network effects are:
A. increases in the value of a product to each user, including existing users, as the total number of users rises.
B. reductions in per unit production cost as firms learn by doing.
C. increases in demand resulting from products being mentioned positively in a television
program.
D. the change in real GDP resulting from a change in investment or government spending.
A. increases in the value of a product to each user, including existing users, as the total number of users rises.
You might also like to view...
Refer to the figure above. This country's imports equal
A) CE units of X. B) GH units of Y. C) CD units of X. D) DE units of Y.
Which of the following statements about the financial and real sectors is true?
A. For every real asset there is a financial asset. B. For every financial asset there is a real asset. C. For every real transaction there is a financial transaction. D. For every financial transaction there is a real transaction.
Refer to the information provided in Figure 18.1 below to answer the question(s) that follow.
Figure 18.1Refer to Figure 18.1. Suppose that the Lorenz curve were the same as the 45-degree line OB. This would mean that
A. the distribution of income is equal. B. only one family earned all the income. C. the distribution of income is completely inequitable. D. the distribution of income is perfectly equitable.
In the above figure, which curve shows a positive relationship between x and y?
A) only curve A B) only curve B C) only curve C D) All the curves show a positive relationshi