If our government cuts taxes, then we will see
a. an upward movement along the AD curve
b. a downward movement along the AD curve
c. the AD curve shift to the left
d. the AD curve shift to the right
e. the AS curve shift to the right
D
Economics
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Suppose that a typical German factory can produce 20 cameras or 1 computer in an hour, and that a typical American factory can produce 10 cameras or 1 computer in an hour. The opportunity cost of 20 cameras in terms of computers in Germany is
A) 10 computers per camera. B) 2 computers per camera. C) 1 computer per camera. D) 1/20 of a computer per camera.
Economics
Why might network externalities result in products that contain inferior technologies?
What will be an ideal response?
Economics