Explain the concept of network externalities
What will be an ideal response?
A network externality is a situation in which the usefulness of a product increases with the number of consumers who use it.
Economics
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Suppose a country's net exports equal -$21.3 billion. Which of the following will happen if the volume of exports increases by $1 billion, imports remaining unchanged?
A) The country's net exports will be equal to -$20.3 billion. B) The country's net exports will become positive. C) The country's net exports will be equal to -$22.3 billion. D) The country's net exports will be zero.
Economics
Crowding out would not occur if the
A) IS curve is horizontal. B) IS curve is vertical. C) LM curve is horizontal. D) LM curve is vertical
Economics