Input demand is called derived demand because
a. demand for an input is derived from demand for the product or service it produces.
b. demand for an input is derived from its availability in the input market.
c. demand for the output produced is also derived from consumer demand.
d. input demand actually determines how much output is produced.
A
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Direct finance involves ________
A) borrowing monies from commercial banks B) issuing securities in financial markets C) borrowing from the Federal Reserve System D) issuing insurance policies
The Lester-Machlup controversy applies to whether or not firms
a. choose the correct plant size b. use marginal analysis to choose output levels c. correctly calculate their economic profits and losses d. engage in wasteful advertising campaigns e. pollute the environment
For example, let's say consumers receive a tax cut of 50
What will be an ideal response?What will be an ideal response?
Which of the following is an effect of tariffs on domestic employment?
a. Tariffs raise employment in the economy overall. b. Tariffs reduce unemployment in the affected industry. c. Tariffs raise unemployment in the affected industry. d. Tariffs have no impact on domestic employment.