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 64 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
YES! Correct, THANKS for helping me on my review

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

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?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

This iron bird feeder is advertised as being “squirrel-proof and bear-resistantââ This iron bird feeder is advertised as being “squirrel-proof and bear-resistantââ
good to eat good to eat
The relationship between RH and temperature. The relationship between RH and temperature.
Kidney beans, steak, and iron-fortified bread and cereal are good sources of iron Kidney beans, steak, and iron-fortified bread and cereal are good sources of iron
Relationship of Sun Angle and Solar Radiation Relationship of Sun Angle and Solar Radiation
The Upper Extremities The Upper Extremities
Video: Neural regulation of blood pressure - baroreceptor and chemoreceptor reflexes

For a complete list of videos, visit our video library