Which of the following is NOT subject to a network effect?
A) the layout of the keys on your keyboard
B) rotating your tires every six months
C) listening to popular songs
D) purchasing a new high-definition DVD player
Answer: B
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When a group is discriminated against, its
A) wages fall but its employment does not. B) employment and its wages decrease. C) employment decreases but its wages do not. D) employment and its wages are unaffected.
In 1992, the EEC was replaced by the EU with an agreement to:
a. erect strong trade barriers among the member countries. b. reduce trade barriers against nonmember countries. c. mutually restrict all imports from nonmember countries. d. create a single market for goods and services in western Europe. e. enable the countries of Western Europe to emerge as major world powers.