Multiple Choice
Derived demand means that the demand for a factor of production is derived from the
A) supply of that factor of production.
B) price of that factor of production.
C) demand for the goods and services the factor of production is used to produce.
D) costs of production.
E) government, which forces large firms to hire at least some minimum number of different resources.
Correct Answer:
Verified
Correct Answer:
Verified
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