The opposite of the bandwagon effect is:
A. a network externality, positive or negative.
B. a positive network externality.
C. the substitution effect.
D. the snob effect.
D. the snob effect.
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Government expenditures included in the expenditure approach to GDP include ________
A) Social Security and education B) net exports C) buying a new bomber D) Both answers A and C are correct.
A drought destroys much of the grape crop. As a result, consumer surplus in the market for wine:
a. decreases. b. increases. c. remains unchanged. d. depends on the deadweight loss.
"Private property" means
What will be an ideal response?
If a new governmental policy increases unemployment benefits, we would expect the labor ________ curve to shift to the ________.
A. demand; left B. demand; right C. supply; right D. supply; left