Multiple Choice
The demand for labor and other inputs is a derived demand because
A) as the price rises, the quantity demanded falls.
B) under certain conditions it is backward bending.
C) the firm's demand curve for labor is derived from the market demand curve for labor.
D) inputs are demanded to produce other things and not as an end in themselves.
E) workers derive income from working.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Which of the following protects union members
Q5: The Taft-Hartley Act<br>A) established the eight-hour workday
Q6: The AFL-CIO is<br>A) a loose affiliation of
Q7: Union membership,as a percentage of the total
Q8: The following question are based on the
Q10: Wage differentials that persist in labor markets
Q11: In a union shop,workers<br>A) must be union
Q12: The purpose of the Landrum-Griffin Act is
Q13: One function of the National Labor Relations
Q14: Under perfect competition,the supply curve of labor