Derived demand means
A) the labor demand curve will be upward sloping.
B) labor demand is derived from demand for the product it produces.
C) labor demand will shift about in a random fashion.
D) labor demand is determined by the supply of labor.
B
You might also like to view...
Which of the following is likely to happen, if consumption in an economy falls?
A) Asset prices rise. B) Household bankruptcies rise. C) Labor supply falls. D) Mortgage defaults fall.
________ increases the supply of dollars in the foreign exchange market
A) An increase in the exchange rate B) A decrease in the exchange rate C) A rise in the expected future exchange rate D) A fall in the interest rate in the U.S. relative to the interest rate in other countries E) A rise in the interest rate in the U.S. relative to the interest rate in other countries
Money in the United States today includes _______
A. currency and deposits at both banks and the Fed B. the currency in people's wallets, stores' tills, and the bank deposits that people and businesses own C. currency in ATMs and people's bank deposits D. the banks' reserves and bank deposits owned by individuals and businesses
Figure 10-7
?
In Figure 10-7, through which point must a horizontal demand curve pass to yield a long-run equilibrium?
A. A B. B C. C D. All of these are correct.