Multiple Choice
Which of the following correctly identifies the difference between the demand for factors of production and the demand for final goods?
A) The demand for factors of production is fixed over time, whereas the demand for final goods changes with changes in tastes and preferences.
B) The demand for final goods is fixed over time, whereas the demand for factors of production changes with changes in tastes and preferences.
C) The demand for final goods is derived from the demand for labor, whereas the demand for factors of production is independent of the demand for final goods.
D) The demand for factors of production is derived from the demand for final goods, whereas the demand for final goods is independent of the demand for factors of production.
Correct Answer:
Verified
Correct Answer:
Verified
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