The idea that the demand for autoworkers stems from the demand for automobiles is known as

Question

Quizplus · Accepted Answer

Derived demand refers to the demand for a factor of production (such as labor) that is derived from the demand for the final good or service (such as automobiles) that the factor helps produce. Thus, the demand for autoworkers is derived from the demand for automobiles, making option B the correct answer. The other options do not accurately describe this concept.

The Idea That the Demand for Autoworkers Stems from the Demand