When Economists Say That the Demand for Labor Is a Derived

question 25

Multiple Choice

When economists say that the demand for labor is a derived demand, they mean that it is

• A)dependent on government expenditures for public goods and services.
• B)related to the demand for the product or service labor is producing.
• C)based on the desire of businesses to exploit labor by paying below equilibrium wage rates.
• D)based on the assumption that workers are trying to maximize their money incomes.

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