The demand for airline pilots results from the demand for air travel. This fact is an example of:
A. resource substitutability.
B. rising marginal resource cost.
C. elasticity of resource demand.
D. the derived demand for labor.
Answer: D
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Answer the following statement true (T) or false (F)
Economists working at federal government agencies have estimated that the marginal social cost of carbon is about
A) $2 per ton. B) $9 per ton. C) $21 per ton. D) $47 per ton.
In the HO model, reciprocal demand leads to an equilibrium price by inducing changes in both demand and supply
Indicate whether the statement is true or false
Which of the following is not one of the three major credit bureaus in the U.S.?
a. Equifax b. Experian c. American Express d. Trans Union