The Demand for Factors of Production Is Called a Derived

question 63

Multiple Choice

The demand for factors of production is called a derived demand because it is:

• A)derived from the demand for the outputs that are produced by the factors of production.
• B)derived from the available supply of factors,such as land,that can be overexploited.
• C)not easy to determine and must be derived by a technical (and often complicated)process.
• D)derived on the basis of questions posed to residents during the census.

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Definitions:

Visual Acuity

The clarity or sharpness of vision, measured by the ability to discern letters or numbers at a given distance according to a fixed standard.

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Organized Visual Scanning

A systematic method of visually examining an environment or image by effectively moving one's gaze across the area to identify important details.

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A sophisticated network of nerve systems and pathways in the brain responsible for managing fundamental emotions and impulses.