Studying how Joshua allocates his time between school and video games is an example of

If the quantity of a good demanded by a typical consumer increases in response to the growth in purchases of other consumers,

A. a negative network externality is present. B. a network externality is absent. C. a network externality can be positive or negative D. a positive network externality is present.

Which of the following is likely to happen if the government raises tax rates?

A) Unemployment will fall. B) Investment will increase. C) Price level will rise. D) Consumption will decrease.