"The Case of ATMs" best illustrates the:

A. law of diminishing marginal utility.
B. the substitutability of resources.
C. idea of derived demand.
D. principle of unintended side-effects.


Answer: B

Economics

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Union members earn about the same wage level as nonunion members in the same industry.

Answer the following statement true (T) or false (F)

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The aggregate savings in an economy is $1,750 and the GDP of the economy is $55,000. The savings rate in the economy is:

A) 1.8%. B) 3.15%. C) 10%. D) 8.96%.

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Is it true that a country needs to have an absolute advantage in the production of a good in order to benefit from trade in that good? Explain

What will be an ideal response?

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Supply-side inflation could be caused by which of the following?

A) an increase in aggregate demand B) a decrease in aggregate demand C) an increase in long-run aggregate supply D) a decrease in long-run aggregate supply

Economics