The network effect in the TV broadcasting industry results in
A) a positive market feedback between the number of advertisers and the size of TV audience.
B) a negative market feedback between the number of advertisers and the size of TV audience.
C) a positive market feedback between the number of advertisers and the number of TV channels.
D) a negative market feedback between the number of advertisers and the number of TV channels.
Answer: A) a positive market feedback between the number of advertisers and the size of TV audience.
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When a government raises its budget deficit, then that country's
a. national saving rises, so its supply of loanable funds shifts right. b. national saving falls, so its supply of loanable funds shifts left. c. national saving rises, so its demand for loanable funds shifts right. d. national saving falls, so its demand for loanable funds shifts left.
The primary purpose of a strike by labor unions is to
A) force the firm out of business. B) extract from the firm better and improved conditions of work or contract terms. C) secure a larger market share for the firm. D) ensure they get paid for striking.