Which of the Following Statements Is True

question 75

Multiple Choice

Which of the following statements is true?

• A) Derived demand for labor depends on the demand for the product labor produces.
• B) Unions can either increase demand or decrease the supply of labor.
• C) Investment in human capital is expected to increase the demand for those workers.
• D) All of these.

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Definitions:

Product Costs

Costs that are considered to be directly associated with the production of goods or services, including direct labor, direct materials, and manufacturing overhead.

Depreciation

The allocation of the cost of tangible assets over their useful lives, reflecting the decrease in value due to wear and tear, age, or obsolescence.

Insurance

Insurance is a financial product that offers protection against potential future losses or damages in exchange for premiums paid by the policyholder.

Monthly Lease Payments

Regular payments made by a lessee to a lessor for the use of an asset over a specified period of time.