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Author Question: Goods which are demanded to produce something else are said to have a(n): a. direct demand. b. ... (Read 40 times)

natalie2426

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on: Jun 30, 2018
Goods which are demanded to produce something else are said to have a(n):
 a. direct demand.
  b. composite demand.
  c. derived demand.
  d. joint demand.
  e. inelastic demand.

Question 2

Which of the following is true?
 a. Economists assume that there are no private property rights in a free market.
 b. A free market is also known as a fettered market.
 c. A voluntary transaction means that all parties to the transaction must expect to benefit.
  d. People always receive goods and services at a discounted price in a free market.
 e. An economic growth is represented by an inward shift of the production possibility curve.


fwbard

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


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