Part of the reason for the success of Facebook is:
A. the avoidance of a positive externality.
b. a strong negative network externality.
C. a strong positive network externality.
D. the avoidance of a negative externality.
C. a strong positive network externality.
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Which of the following examples has the highest opportunity cost?
a. When interest rates are at 10 percent, Krisjan places all of his wages into a checking account. b. Katrin considers placing money in a Treasury Bill with interest of 7 percent, but decides against it. c. Gunnar decides not to invest in a CD that has an interest rate of 5 percent. d. When interest rates are at 3 percent, Freyja decides to use her money for everyday expenses.
Which of the following will shift the aggregate demand curve to the right?
A. The government reduces purchases to balance the budget. B. Consumers become more optimistic about the future. C. Foreign economies fall into recession, reducing their demand for domestic exports. D. Income taxes are raised.
Which of the following statements is TRUE?
A. A growing economy should see a decline in both absolute and relative poverty. B. A growing economy should see a decline in relative poverty but not in absolute poverty. C. A growing economy should see a decline in absolute poverty but not in relative poverty. D. A growing economy is usually unrelated to changes in either absolute or relative poverty.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point A to Point B is
A. -2/3. B. -1.5. C. -3. D. -30.