Platform monopolies:
A. provide an importance service, but present new types of antitrust problems.
B. are bad because they earn monopoly profits.
C. earn low profits because of network externalities and ought to be broken up.
D. are good because they earn monopoly profits.
Answer: A
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The substitution bias in the consumer price index refers to the idea that consumers ________ the quantity of products they buy in response to price, and the CPI does not reflect this and ________ the cost of the market basket
A) change; underestimates B) do not change; overestimates C) change; overestimates D) do not change; underestimates
Between 1990 and 2014, which of these leading industrial countries of the world had the highest average annual growth rate in GDP per capita?
A) Japan B) Canada C) the United States D) Germany