The Demand for a Resource Is Derived from the Demand

question 107

True/False

The demand for a resource is derived from the demand for the final product it helps to produce.

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Definitions:

Foreign Goods

Products that are produced in a different country than where they are sold or consumed.

Net Capital Outflow

The gap between nationals purchasing assets from abroad and foreigners investing in the nation's assets.

Loanable Funds

A term used in economics to describe the market where savers supply funds for loans to borrowers.

Net Capital Outflow

The imbalance between domestic individuals acquiring assets abroad and foreigners securing assets domestically.