Increases in the value of the product to each user, including existing users, as the total number of users rises is called:

A.  Network effects
B.  Simultaneous consumption
C.  Learning by doing
D.  The spreading of development costs

A.  Network effects

Economics

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A Major League Baseball player signs a contract that pays $27 million over 5 years. The $27 million is the contract's ________ value

A) real B) implicit C) nominal D) external

Economics

When Patty uses money to buy her lunch, she is showing the use of money as a "store of value."

Indicate whether the statement is true or false

Economics