Porsche purchases thousands of different parts such as stereos to manufacture their cars. Explain derived demand in this situation
What will be an ideal response?
Porsche's demand for car stereos is derived from the consumer demand for Porsche cars in this example.
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Import quotas
a. increase the price to the domestic consumer. b. have a protective effect but not a consumption effect. c. have a consumption effect but not a protective effect. d. generate no deadweight welfare losses for the home country.
According to the text, ________ means that there is no overlap between classes and every object being measured falls into only one class
A) mutually exclusive B) collectively exclusive C) mutually exhaustive D) collectively exhaustive E) object non-overlap
Betty is seeking a job. Friends and family recommend an occupation that seems prestigious and has better than average compensation. However, Betty is not passionate about it. Betty wants to be a dental hygienist. Is Betty's family wrong for trying to steer her toward a prestigious career field that offers good compensation?
What will be an ideal response?
Under Title VII, for certain jobs religious organizations may legally hire only members of a particular religion
a. True b. False Indicate whether the statement is true or false