Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 14 - The Demand for Resources - Discussion Questions - Page 327: 1

Answer

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Work Step by Step

Resources are different than goods, for (1) there are many situations in which they are necessities and (2) they depend on the way certain industries are operating. After all, an increase in car production could lead to an increase in the need for steel.
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