Once a product becomes established, network externalities may create ________ costs that make consumers reluctant to buy a new product with better technology

A) switching B) marginal C) external D) implicit

A

Economics

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Foreign-exchange market interventions will always

A) lead to a decline in domestic interest rates relative to foreign interest rates. B) lead to a rise in domestic interest rates relative to foreign interest rates. C) lead to a decline in the domestic money supply. D) alter a central bank's holdings of international reserves.

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The Great Depression began in

A. the second half of 1929. B. the middle of 1930. C. early 1932. D. March 1933.

Economics