Which of the Following Is an Example of a Firm's

question 339

Multiple Choice

Which of the following is an example of a firm's derived demand?

• A)Workers with higher levels of education earn more, on average, than workers with lower levels of education.
• B)Factors that decrease the demand for labor will decrease the equilibrium wage.
• C)A tractor manufacturer's demand for assembly-line workers is inseparably linked to the supply of tractors.
• D)All of the above are correct.

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Definitions:

Temporal Summation

Summation of the local potential that results when two or more action potentials arrive at a single synapse in rapid succession.

Action Potentials

Electrical impulses that travel along the membrane of a neuron signaling the cell to perform its function.

Synapse

The junction between two nerve cells, where electrical signals are transmitted from one neuron to another.

Sensory Neurons

Nerve cells responsible for converting external stimuli from the organism's environment into internal electrical impulses.