Even if better programs become available, Microsoft's Windows software may retain market dominance because of

a. network externalities.
b. its user-friendliness.
c. switching costs.
d. both a & c.

D

Economics

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The Fed buys $100 million U.S. government securities from Bank of America. Bank of America's balance sheet shows this transaction as ________ in total assets and ________ in reserves

A) no change; a $100 million decrease B) no change; a $100 million increase C) a $100 million increase; no change D) a $100 million increase; a $100 million increase E) a $100 million decrease; a $100 million decrease

Economics

In a coin toss bet, where both heads and tails are equally likely, you win a $2 on heads but lose $1 on tails. The expected value of the bet is

a. $0.50 b. -$0.50 c. $1.00 d. $0.00

Economics