This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following most clearly illustrates the concept of derived demand? a. An increase in ... (Read 254 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
Which of the following most clearly illustrates the concept of derived demand?
 a. An increase in the price of steak causes the demand for poultry to increase.
 b. An increase in the demand for new houses leads to an increase in the demand for construction workers.
  c. An increase in consumer income leads to an increase in the demand for services provided by the government.
  d. An increase in the demand for new cars causes the demand for used automobiles to rise.

Question 2

_____ is the only type of firm where it is possible for a person to hold all of the information that matters for all types of decisions.
 a. Corporation
  b. A firm where decision-making is centralized
  c. Sole proprietorship
  d. A firm where there is separation of ownership and management


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

todom5090

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

C


arivle123

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Excellent

ryansturges

  • Member
  • Posts: 338
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes Browning and Gunning demonstrated that placental transfer tissues increase plant reproductive succes
Gram + Cocci Concept Map Gram + Cocci Concept Map
A chart derived from a flow sheet. A chart derived from a flow sheet.
The introduction of a new generation of electric and hybrid cars will reduce the demand for oil The introduction of a new generation of electric and hybrid cars will reduce the demand for oil
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ... How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ...
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library