The Demand for Factors (Which Arises from the Demand for the Products

question 78

Multiple Choice

The demand for factors (which arises from the demand for the products that the factors help produce) is called a(n) __________ demand.

• A)derived
• B)indirect
• C)secondary
• D)expressed

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Definitions:

Medical Insurance

A form of insurance that covers the whole or part of the risk of a person incurring medical expenses.

Transductive Reasoning

A type of thinking typical in early childhood where children make inferences from specific instances to other specific instances.

Intuitive

Relating to the ability to understand or know something without conscious reasoning; instinctive.

Centrated

Focusing attention on one aspect of a situation or object while ignoring others, a concept found in Piaget's theory of cognitive development.