The Current Population Survey Is a Survey of

question 208

Multiple Choice

The Current Population Survey is a survey of

• A)1 million households in the United States.
• B)all households in the United States.
• C)unemployed individuals.
• D)60,000 households in the United States.
• E)the whole U.S.population.

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Definitions:

Network Externalities

The effect on a user of a product or service that results from an increase in the number of other users of the same or compatible products or services.

Natural Monopolies

Market conditions where a single firm can supply a good or service more efficiently than any competitor due to economies of scale, hence dominating the market.

Positive Feedback

Put simply, success breeds success, failure breeds failure; the effect is seen with goods that are subject to network externalities.

Marginal Social Benefits

The additional benefits to society as a whole from producing one more unit of a good or service.