The Demand for Labor Is a Derived Demand Because

question 58

Multiple Choice

The demand for labor is a derived demand because:

• A) many workers are self-employed.
• B) the income workers earn adds to the demand for output.
• C) the demand for output comes from the demand for labor.
• D) the demand for labor comes from the demand for output.

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Definitions:

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A principle in contract law that prevents the parties to a written contract from presenting extrinsic evidence of terms of the contract that contradict, modify, or vary the contract's written terms.

Parol Evidence Rule

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