Positive feedback from active contributors on social media platforms creates a ______ where the value that people exchange is measured in esteem as well as in dollars, euros, or pounds.
A) horizontal revolution
B) digital native
C) reputation economy
D) network effect
E) perpetual beta
Answer: C) reputation economy
You might also like to view...
________ policy focuses on the nation's money supply, while ________ policy focuses on the government's budget.
A. Monetary; structural B. Monetary, fiscal C. Fiscal, monetary D. Fiscal, structural
Which of the following is correct?
a. Policy lags are normally much shorter for fiscal policy than for monetary policy. b. Congress usually makes major fiscal policy changes in a fairly short period of time. c. Expenditure lags are much longer for investment, the main way in which monetary policy affects aggregate demand. d. Monetary policy affects aggregate demand more quickly than fiscal policy, such as tax or government spending changes.
International trade exists because countries
A) can make themselves better off through trade. B) want to be neighborly with each other. C) want to be political allies. D) want to improve diplomatic relations with each other. E) want to avoid war with each other.
The basic difference between the short run and the long run is that:
A. economies of scale may be present in the short run but not in the long run. B. the law of diminishing returns applies in the long run but not in the short run. C. all costs are fixed in the short run, but all costs are variable in the long run. D. at least one resource is fixed in the short run, while all resources are variable in the long run.