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 82 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
Thanks for the timely response, appreciate it

kjohnson

  • Member
  • Posts: 330
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

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?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Two important changes occur in the upper airway in croup:The epiglottis swells, thereby occluding th Two important changes occur in the upper airway in croup:The epiglottis swells, thereby occluding th
The iron atom of heme has six coordination bonds: four in the plane The iron atom of heme has six coordination bonds: four in the plane
upper anatomy upper anatomy
Stony-Iron Meteorite Stony-Iron Meteorite
Matthew Ritchie, three stills from The Iron City. Matthew Ritchie, three stills from The Iron City.
Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ... Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ...
Video: Graded potentials - electrical characteristics and types

For a complete list of videos, visit our video library