Derived Demand for a Factor of Production Means That

question 40

Multiple Choice

Derived demand for a factor of production means that:

• A)people demand factors just as they do goods.
• B)the demand for factors depends on what the factor can produce.
• C)the market derives a demand for factors regardless of what they produce.
• D)suppliers determine what will be produced.

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Definitions:

Conversational Tone

A style of writing or speaking that is informal and friendly, mirroring natural spoken dialogue.

Authoritative Tone

An authoritative tone conveys confidence and certainty, often used by leaders or experts to command respect and encourage trust in their audience.

Formal Tone

The use of language that is professional and follows conventions of grammar and syntax, suitable for official or serious occasions.

Richer Media

Media formats that are capable of conveying more complex information through multi-dimensional means, including text, audio, video, and interactivity.