A Firm's Demand for Labor Depends On, in Part, the Demand

question 31

Multiple Choice

A firm's demand for labor depends on, in part, the demand for the firm's product. To summarize this idea, economists say that the demand for labor is:

• A) derived demand.
• B) marginal demand.
• C) secondary demand.
• D) monopsonistic demand.

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Definitions:

Culturally Linguistically Diverse

Pertains to groups or individuals from varied cultural backgrounds and with different language proficiencies, highlighting the richness and complexity of a multicultural society.

At-risk

used to describe individuals or groups facing higher probabilities of negative outcomes, such as failure in school or involvement in criminal activities, due to various risk factors.

Disengaged

Family members withdraw from one another, become distant.

Multicultural Society

A society composed of a diversity of cultures, where various cultural groups live together and interact.