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The Demand for Labor Is Described as a Derived Demand

Question 20

Multiple Choice
The demand for labor is described as a derived demand because A)it is derived by workers seeking to earn income to fund the consumption of goods and services. B)it is derived by producers seeking to make profits by starting new businesses. C)it is derived from the demand for products that use labor in the production process. D)it is derived from government institutions which rely on labor markets for the purpose of raising tax revenue.

The demand for labor is described as a derived demand because


A) it is derived by workers seeking to earn income to fund the consumption of goods and services.
B) it is derived by producers seeking to make profits by starting new businesses.
C) it is derived from the demand for products that use labor in the production process.
D) it is derived from government institutions which rely on labor markets for the purpose of raising tax revenue.

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