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

Author Question: A good deal of iron ore is mined in Michigan's Upper Peninsula. What is the relationship between the ... (Read 77 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
on: Jun 29, 2018
A good deal of iron ore is mined in Michigan's Upper Peninsula. What is the relationship between the demand for iron ore and the cost of mining operations in Michigan?
 
  A) Changes in the demand for iron ore are caused directly by changes in the cost of iron mining.
  B) Changes in the costs of iron mining are caused by changes in the demand for iron ore.
  C) There is no significant relationship because the demand for iron ore is determined by many different people, while the cost of mining the ore is determined by business executives.
  D) Nobody knows.

Question 2

The free-rider problem may arise in case of ________.
 
  A) public goods
  B) private goods
  C) club goods
  D) inferior goods


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

FergA

  • Sr. Member
  • ****
  • Posts: 352
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


sammy

  • Member
  • Posts: 818
Reply 2 on: Jun 29, 2018
Excellent

helenmarkerine

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

GI series. (a) Upper GI series begins with a barium swallow, barium shake, or barium meal. (b) Lower GI series. (a) Upper GI series begins with a barium swallow, barium shake, or barium meal. (b) Lower
Two representations of heme (derived from PDB ID 1CCR). The iron atom Two representations of heme (derived from PDB ID 1CCR). The iron atom
iron iron
The relationship between pH, pKa, and the dissociation of an acid The relationship between pH, pKa, and the dissociation of an acid
Relationship of the electrocardiogram to electrical conduction in the heart Relationship of the electrocardiogram to electrical conduction in the heart
The upper panel shows that scores of four diverse samples of boys on a moral reasoning test show a ... The upper panel shows that scores of four diverse samples of boys on a moral reasoning test show a ...
Video: What is an ecosystem?

For a complete list of videos, visit our video library