The virtual currency battle between Facebook and Zynga reminds us that:
a. Relatively small companies with virtual currencies, like Zynga, have little chance of challenging the demands of large companies, like Facebook, with virtual currency platforms.
b. In the future, virtual currencies will be created, destroyed, and evolve in many different ways.
c. Community really does follow commerce.
d. To gain widespread trust and usage, a virtual currency does not need a large base of users.
.B
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The government spending multiplier is the number that, when multiplied by the
A) budget deficit, gives us the change in total spending. B) budget deficit, gives us the change in the public debt. C) change in taxes, gives us the change in total spending. D) change in government spending, gives us the change in total spending.
For which of the following goods are consumers likely to have the most elastic demand?
A. clothing B. sweaters C. wool sweaters D. purple wool sweaters