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:
Verified
Q2: Labor economics concerns
A) how labor markets work.
B)
Q3: Labor market equilibrium is best characterized by
A)
Q4: The labor supply curve shows how many
Q5: Which of the following affects the wage
Q6: The government is a player in the
Q7: The market for economists in Greenland has
Q8: Which of the following is not a
Q9: The labor demand curve shows how many
Q10: An outward shift in the labor demand
Q11: What is likely to happen to the
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