Solved

Labor Economists Sometimes Refer to Labor Demand as "Derived" Demand

Question 1

Multiple Choice

Labor economists sometimes refer to labor demand as "derived" demand. In this context, where does "derived" come from?


A) the firm's production function
B) the union's willingness to accept a lower wage
C) consumer demand for the firm's product
D) the firm's profit
E) the degree of competition in the firm's industry

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents