The Internet might alter incentives of firms in locating their stores
Indicate whether the statement is true or false
T The Internet invites firms to consider the travel and convenience costs of customers (who have the alternative of purchasing on the Internet) instead of just trying to outdo competitors in locating close to consumers.
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If the Fed lowers the federal funds rate, which of the following will NOT happen?
A) The real interest rate falls. B) Other short-term interest rates fall. C) Aggregate demand increases. D) Real GDP increases. E) The price level falls.
One reason why, in the last four decades, the number of new auto makers in the world has been very small compared to the past is that
A) governments restrict who can produce automobiles. B) new auto makers cannot obtain necessary inputs to produce new cars. C) new producers cannot match the economies of scale of existing auto makers. D) the automobile cannot be improved upon in any way by new producers.