The Demand for Labour Is a Derived Demand Because It

question 7

Multiple Choice

The demand for labour is a derived demand because it is derived from

• A)the demand for the output the labour produces.
• B)the supply of labour.
• C)union pressure.
• D)natural law.
• E)years of accumulated capital and technological advances.

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Definitions:

Initial Margin

The portion of the purchase price that an investor must deposit when buying securities on margin.

Purchase GM Stock

The action of buying shares in General Motors Company, an American multinational corporation that designs, manufactures, markets, and distributes vehicles and vehicle parts.

Shares

Shares represent units of ownership interest in a corporation or financial asset, providing an equal distribution in any profits, if any are declared, in the form of dividends.

Maintenance Margin

The minimum amount of equity that must be maintained in a margin account to avoid a margin call.