The demand for the services of labor ________ a derived demand and the demand for the services of land ________ a derived demand
A) is; is
B) is; is not
C) is not; is
D) is not; is not
A
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Discuss the distribution of income around the world. Which countries have the highest average incomes? Which countries have the lowest average incomes? How has the distribution of income changed in recent years?
What will be an ideal response?
In the figure above, the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110. At this point there is
A) an inflationary ga
Explain how a change in the money supply can affect the following in the short run: a. The supply of loanable funds b. Real GDP c. The price level d. The expected inflation rate
Individuals who purchase services and goods for the purpose of consumption are:
A. consumers. B. agents. C. workers. D. managers.