Labor markets are different from other markets in the sense that the

Question

Quizplus · Accepted Answer

The demand for labor is a derived demand, meaning it is not a demand for labor for its own sake, but for the products or services that labor helps to produce. The supply of labor can also affect the demand for labor, but the demand for labor ultimately depends on the derived demand for the products or services it helps to produce. Therefore, choices A, C, D, and E are incorrect.

Labor Markets Are Different from Other Markets in the Sense