Derived Demand Means

question 87

Multiple Choice

Derived demand means

• A) the labor demand curve will be upward sloping.
• B) labor demand is derived from demand for the product it produces.
• C) labor demand will shift about in a random fashion.
• D) labor demand is determined by the supply of labor.

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Definitions:

Clayton Act

A piece of U.S. legislation enacted in 1914 aimed at promoting fair competition and preventing monopolies and unethical business practices.

Exclusive Dealing

A contractual arrangement in which a seller agrees to sell its products to only one particular buyer, or a buyer agrees to purchase from only one seller, limiting competition.

Tying Arrangements

A business practice where a seller requires the buyer to purchase other products as a condition of getting the desired product.

Federal Trade Commission

A U.S. federal agency tasked with consumer protection and the prevention of anti-competitive business practices.