In the Microsoft antitrust case, regulators argued that Microsoft (MS) not only required computer makers that wanted to use MS Windows to also carry their other software, but required them to:
a. choose between various word processing programs.
b. remove a competitor’s software.
c. use less innovative marketing practices.
d. run the Macintosh operating system.
b. remove a competitor’s software.
The government argued that Microsoft had engaged in an anticompetitive form of exclusive dealing by threatening computer makers that, if they did not leave another firm’s software off their machines (specifically, Netscape’s Internet browser), then Microsoft would not sell them its operating system software.
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When the income multiplier is 3, the marginal propensity to save is
a. 1/(1 + MPC) b. 0.33 c. 1/(1 – MPC) d. 0.66 e. none of the above
The total volume of business sales in our economy is several times larger than GDP because ________.
A. GDP does not take taxes into account B. GDP grossly understates the value of our annual output C. GDP excludes intermediate transactions D. Total sales are in money terms and GDP is always stated in real terms