In a two-sided market, an intermediary firm that links groups of producers and consumers is called
A) an operator.
B) an oligopoly.
C) a platform.
D) an end user.
Answer: C
Economics
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Computer chips are a normal good. Suppose the economy slips into a recession so that income falls. As a result, the demand for computer chips ________ so that the price of a computer chip ________
A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls E) decreases; does not change
Economics
The ratio of exports to GDP for the United States in 2014 is approximately equal to
A) 6%. B) 13%. C) 21%. D) 31%.
Economics