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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 3
When asked if there are any substitutes for water, students often respond with "Yeah-death!" Explain why that answer misunderstands what economists mean by "substitutes."
Explanation
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Substitutes or substitute goods in econo...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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