
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695
The 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
Substitutes or substitute goods in econo...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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