Author Question: Goods which are demanded to produce something else are said to have a(n): a. direct demand. b. ... (Read 10 times)

natalie2426

  • Hero Member
  • *****
  • Posts: 524
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

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

c

Answer to Question 2

c



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

For a complete list of videos, visit our video library