The demand for a productive resource is said to be "derived" because the demand for the factor:
A. Depends on the demand for the product it helps to produce
B. Depends on the demand for a complementary factor
C. Is derived from the state of the economy
D. Is derived from government policy
A. Depends on the demand for the product it helps to produce
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Consider each pair of strategies other than UP,RIGHT. Which of the following statements is not true about those pairs?
a. They are all Pareto Optimal. b. None of them are a Nash Equilibrium. c. The players would not mutually agree to play any of them if such an agreement were possible. d. Each requires that a player play a dominate strategy.
Suppose that the exchange rate between the dollar and the peso changed from 6 pesos per dollar to 8 pesos per dollar. This change means that the
A) peso appreciated. B) dollar depreciated. C) peso depreciated. D) Both answers A and B are correct.
Bonds issued by state and local governments are called ________ bonds
A) corporate B) Treasury C) municipal D) commercial
In 2002, the United States contained around _____ governmental units at all levels
a. ninety thousand b. twelve thousand c. fifty d. five hundred and thirty-five