If an increase in the price of one input causes an increase in demand for labor, the two inputs are

A) complementary.
B) substitutes.
C) interchangeable.
D) flexible.

Answer: B

Economics

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A single production possibilities frontier assumes

A) a given set of resources. B) only one good can be produced from a given set of resources. C) resources are free. D) there are no opportunity costs of production. E) all of the above.

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Why is it that the enforcement of contracts by government is so crucial to the conduct of business?

What will be an ideal response?

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