Japan is a major exporter of manufactured goods, services, and investment funds. Japan also exports its goods to other types of economies for raw materials and semi-finished goods. This is an example of a(n) ________ economy

The ultimate test of functional utility is the:

A: Maintenance costs; B: Marketability; C: Design; D: Utility costs.

A given percentage increase in consumer demand can lead to a larger percentage increase in the demand for plant and equipment necessary to produce the additional output. Economists refer to this as ________

A) derived demand B) inelastic demand C) the acceleration effect D) a straight rebuy E) the sales cycle