A firm's demand for labor depends on, in part, the demand for the firm's product. To summarize this idea, economists say that the demand for labor is:

A. derived demand.
B. marginal demand.
C. secondary demand.
D. monopsonistic demand.


Answer: A

Economics

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What will be an ideal response?

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As an household's wealth increases, it will experience a(n):

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Entrepreneurs establish businesses in order to:

a. purchase products at greatly reduced prices b. not have to answer to a boss c. take as many vacation days as they can d. make money

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