Bitcoin is a:
a. Virtual currency that keeps track of owners and users by means of a clearing house called Mt. Gox.
b. Virtual currency that publishes all Bitcoin-related domestic transactions online but keeps its international transactions confidential.
c. Is a virtual currency that publishes online the details of all its customers' transactions but manages to keep customer anonymity by not publishing facts pertaining to their addresses?
d. Physicalcurrency that has grown in popularity because it does not need to be cleared, thereby making these transactions anonymous.
.C
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To an economist, all choices have costs
Indicate whether the statement is true or false
The superstar effect is that
A) the supply of superstars is more elastic than that for average players. B) the labor market cannot create equilibrium wages for the best players. C) the demand for a few players is relatively greater than the demand for most other players. D) none of these choices.