Consumers of Google and Facebook services are disadvantaged because:
A. consumers do not have accurate information to make decisions.
B. potential competitors are unable to develop new competing technologies.
C. the data Google and Facebook collect on users is a barrier to entry to new competition.
D. consumers are given a service that is now free, but which will cost significant sums later.
Answer: C
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Assuming a fixed amount of taxes and a closed economy, calculate the value of the government purchases multiplier, the tax multiplier, and the balanced budget multiplier if the marginal propensity to consume equals 0.75
What will be an ideal response?
Which of the following combinations of factors comes closest to describing the situation in agriculture?
A) elastic demand for agricultural products and large swings in supply B) elastic demand for agricultural products and small swings in supply C) inelastic demand for agricultural products and constant supply D) inelastic demand for agricultural products and large swings in supply E) none of the above
Because demand for air travel from people who are traveling on vacation is more ________, the airlines offer leisure travelers lower prices than business travelers.
A. large B. elastic C. inelastic D. small
John Maynard Keynes created the aggregate expenditures model based primarily on what historical event?
A. Bank panic of 1907. B. Great Depression. C. Spectacular economic growth during World War II. D. Economic expansion of the 1920s.