The concept of network externalities is most relevant to purchasers of
a. computer software.
b. automobiles.
c. television sets.
d. radios.
A
Economics
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The U.S. government spent over $4 trillion in budget year 2018.
Answer the following statement true (T) or false (F)
Economics
If economists forecast an increase in aggregate expenditure, which of the following is likely to occur?
A) GDP will fall. B) Wages will fall. C) Inventories will rise. D) GDP will rise.
Economics
“Supply creates its own demand” is an expression of
a. the quantity theory of money. b. monetarism. c. Say’s Law. d. the Keynesian critique of classical economics.
Economics
An experimental study is one which individuals are randomly assigned to the treatment and control groups.
A. True B. False C. Uncertain
Economics