Demand for Resources is _________
Fill in the blank(s) with the appropriate word(s).
Answer: called derived demand coz it depends on the demand of goods and services that the resources can produce e.g. demand for workers in a comp industry depends demand for computers
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What are the infant industry and dumping arguments for protection? Are they correct?
What will be an ideal response?
Health care debates illustrate how special interest groups can use their lobbying power to "control" the federal government to transfer wealth from one group of productive, income earning individuals to another group that may or may not be
productive. Indicate whether the statement is true or false
Fundamental factors contributing to the pace of economic development are a? well-defined system of _______ ______, training and __________, allowing new generations of companies and industries to ________ older? generations, and promoting an open economy by allowing ___________ _________.
Fill in the blank(s) with the appropriate word(s).
Select the phrase that correctly completes the following statement. "A positive change in technology caused an increase in the supply of flat-screen televisions. As a result ________."
A) the price of flat-screen televisions decreased and the demand for flat-screen televisions increased B) the equilibrium quantity of flat-screen televisions decreased C) the price of flat-screen televisions decreased and the quantity demanded of flat-screen televisions increased D) the price of flat-screen televisions decreased. The lower price caused the supply of flat-screen televisions to decrease