The demand for labor is a derived demand because:
A) many workers are self-employed.
B) the income workers earn adds to the demand for output.
C) the demand for output comes from the demand for labor.
D) the demand for labor comes from the demand for output.
Correct Answer:
Verified
Q19: Comparable worth laws can be justified by
Q20: Which of the following is most likely
Q21: If a person works 10 percent fewer
Q22: A labor supply elasticity of 1.4 means
Q23: Suppose the government reduces marginal income tax
Q25: An increase in the marginal income tax
Q26: When the labor supply curve is inelastic:
A)
Q27: The elasticity of the labor supply curve
Q28: If the quantity of labor supplied increases
Q29: If the marginal income tax rate falls
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents