Which of the following goods is likely to have a derived demand?
a. Tractor
b. T-shirt
c. Italian food
d. Residential buildings
e. Cigarettes
a
Economics
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Discount policy affects the money supply by affecting the volume of ________ and the ________
A) excess reserves; monetary base B) borrowed reserves; monetary base C) excess reserves; money multiplier D) borrowed reserves; money multiplier
Economics
The above figure depicts the Edgeworth box for two individuals, Al and Bruce. Point a is NOT Pareto efficient because
A) Al's MRS exceeds Bruce's MRS. B) the point is not near the center of the box. C) Al's indifference curve is not far enough away from the origin. D) All of the above.
Economics