In the industry of phone apps, end users are
A) advertisers only.
B) app users only.
C) both advertisers and app users.
D) no one.
Answer: C
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What does it mean when a firm is earning positive economic profit?
What will be an ideal response?
Incentives matter and different groups of producers, consumers and politicians will support those policies that promise to advance those projects most advantageous to them. Which statement about opposition to or support for U.S
tariff policy during the antebellum period is correct? (a) "Producers in the South objected to tariffs placed on imported goods. They needed them at relatively low prices for their own production." (b) Plantation owners supported a high tariff as protection against cheap cotton imports. (c) Politicians wanted to protect jobs abroad as well as in the U.S. Therefore, they did not support U.S. tariff policies. (d) All of the above are correct.
The Federal Reserve makes decisions regarding:
A. fiscal policy only. B. structural policy only. C. monetary and fiscal policy. D. monetary policy only.
Relative price is the price of a specific good compared to ______.
a. the price index b. the rate of inflation c. the price of that good one year earlier d. the price of other goods