Which of the following is an example of the snob effect?
A) The fewer consumers that buy the operating system, the fewer the applications that will be available.
B) The more people that buy a luxury watch, the less value consumers put on the watch.
C) The fewer ATMs available in the city, the fewer consumers want to join the network.
D) None of the above.
B
Economics
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What happened to the measure of money, M0, which includes only cash, bank reserves, and deposits at the Federal Reserve during the crisis?
a. It shrank measurably. b. It expanded slightly. c. It more than doubled. d. There was no change in MO.
Economics
Referring to the table above, if consumption in period one is zero, then consumption in period two cannot be greater than ________
A) $72,800 B) $70,400 C) $71,200 D) $70,800
Economics