Why is the demand for an input considered a derived demand?
What will be an ideal response?
The demand for an input is dependent on the demand for the output the input can be used to produce.
Economics
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An economy with only the household and firm sectors is called:
A) a mixed economy. B) a private economy. C) a command economy. D) none of the above.
Economics
Which of the following is the most likely result of financial intermediaries?
A) increased funds available to borrowers B) higher transaction costs C) higher information costs D) lower information cost but higher transaction costs
Economics