An electronic payments system has not completely replaced the paper payments system because of all of the following reasons EXCEPT
A) expensive equipment is necessary to set up the system.
B) security concerns.
C) privacy concerns.
D) transportation costs.
D
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A virtuous cycle refers to the development of new products that follows when a monopoly earns economic profits
Indicate whether the statement is true or false
If MPC = 0.8, a $200 billion increase in government purchases would have what size effect on the "first round" of induced added consumption?
a. $80 billion b. $160 billion c. $200 billion d. $800 billion
Society would be better off with more products that create beneficial externalities.
Answer the following statement true (T) or false (F)
About how many people out of 7 billion live on just $1.25 a day in the world?
A. 500 million B. 2 billion C. 700 million D. 1.5 billion