If consumers desire choice
A) network effects with be minimized.
B) network effects are enhanced.
C) networks shift back to a previous technology.
D) government will regulate variety.
A
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If prices in the diamond market become less volatile, all else equal, then the demand for diamonds ________ and the demand for gold ________
A) increases; decreases B) increases; increases C) decreases; decreases D) decreases; increases
The MPP of capital is defined as the
a. change in total output divided by the change in loanable funds b. change in loanable funds divided by the change in total output c. contribution of loanable funds to the final product d. change in total cost attributed to employing one more unit of loanable funds e. change in output generated by employing one more unit of loanable funds
Historically, the excess reserves of banks have been ________ relative to checkable deposits, but during the crisis of 2008 the excess reserves of banks ________. (Fill in the blanks)
a. large; declined sharply b. small; fell sharply c. small; increased sharply d. large; increased sharply
During the last several decades, the size of the trade sector (exports plus imports) of the United States has been
a. increasing as a share of the economy. b. relatively constant as a share of the economy. c. declining as a share of the economy. d. increasing during periods of recession, but declining during periods of strong economic growth.