The software industry has traits in common with monopoly markets

a. True
b. False
Indicate whether the statement is true or false


True

Economics

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In 1820, when the nation began its westward movement in earnest, the median American was

(a) less than 17 years old. (b) about 20 years old. (c) about the same age as the median American today. (d) older than the median American today.

Economics

When we say the cost of living has gone up, we mean that, looking broadly over a range of goods and services:

A. a dollar buys less today than it used to buy. B. a dollar buys more today than it used to buy. C. a dollar buys the same today as it used to buy. D. our income has increased to match the cost of those goods.

Economics

Taxes on sales of liquor, tobacco, and tires are examples of

a. direct taxes. b. excise taxes. c. progressive taxation. d. loopholes.

Economics

Antitrust regulators allow mergers if the firms agree to sell off certain parts

a. True b. False Indicate whether the statement is true or false

Economics