The demand for a productive resource is
a. demand for the resource itself.
b. derived from the demand for the good or service it produces.
c. unrelated to the output it produces.
d. derived from the demand for the good or service it produces AND demand for the resource itself.
b. derived from the demand for the good or service it produces.
You might also like to view...
Urbanization is measured by:
A) the ratio of the population living in urban areas to the ratio of the people living in rural areas in a country. B) the fraction of the population living in towns with a population of more than 5,000. C) the fraction of the population living in towns with a population of more than 1,000. D) the ratio of the population living in rural areas to the ratio of the people living in urban areas in a country.
An increase in the perceived riskiness of Company A stock ________ the risk premium investors require to purchase Company A stock and ________ the price of Company A stock.
A. decreases; decreases B. increases; decreases C. decreases; increases D. increases; increases
When a monopolist practices price discrimination, compared to a single-price monopolist, producer surplus will:
A. decrease. B. increase. C. increase initially, and then return to its original level. D. remain the same.
________ shifts the IS curve to the right.
A. An increase in government spending B. An increase in the price level C. A decrease in the Z factors D. A decrease in government spending