When Economists Refer to the Determinants of Demand, They Are

question 39

Multiple Choice

When economists refer to the determinants of demand, they are referring to factors that

• A) Cause a movement down a demand curve.
• B) Cause the demand curve to shift left or right.
• C) Influence producer behavior.
• D) Cause a movement up one demand curve.

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Definitions:

Internal Equity

The principle of providing fair compensation to employees by ensuring that jobs that require similar skills, effort, and responsibility are paid comparably within the organization.

Candidate Pool

The collection of individuals who have expressed interest or have been identified as potential hires for a job position.

Assessing Core Skills

The process of evaluating an individual's essential abilities required for the performance of specific tasks or jobs.

Self-Selection

The process where individuals choose themselves based on their perception of fit or competence, often seen in job applicants or research participants.