Derived Demand for a Factor Means That

question 294

Multiple Choice

Derived demand for a factor means that:

• A) people demand factors just as they do goods.
• B) the demand for factors depends on what the factor can produce.
• C) the market derives a demand for factors regardless of what they produce.
• D) suppliers determine what will be produced.

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Definitions:

Stressful

Referring to situations or conditions that cause significant anxiety, tension, or strain on an individual's mental or physical health.

Realistic Thinking

An approach to thought that considers facts and the actual state of affairs rather than what might be wished or feared.

Optimistic Thinking

The practice of focusing on the positive aspects of situations or expectations of favorable outcomes.

Open-Mindedness

The willingness to consider new ideas, perspectives, and possibilities without prejudging them.