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.

c

Economics

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Measuring the impact of the protection on the U.S. economy and on Harley-Davidson:

a. is very clear—it was a success. b. is very clear—it was a failure. c. is not as black and white as the numbers might show, but saving a profitable company at a low cost has some merit for the U.S. economy. d. should take into consideration that Harley-Davidson was a private firm with private stockholders. Most economists disagree with government efforts to save it from bankruptcy.

Economics

Describe the Cournot model

What will be an ideal response?

Economics