The Demand for Labor That Arises from Consumer Demand for the Firm's

question 47

Multiple Choice

The demand for labor that arises from consumer demand for the firm's product and the productivity of labor is called _____ demand.

• A) secondary
• B) primary
• C) derived
• D) direct

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Definitions:

Echoic Memory

A component of sensory memory that allows individuals to retain audio information for short periods after the original sounds have ended.

Iconic Memory

The visual sensory memory register pertaining to the visual domain and a fast-decaying store of visual information.

Sensory Memory

The shortest-term element of memory, allowing the retention of impressions of sensory information after the original stimuli have ended.

Working Memory

A mental system of restricted capability accountable for momentarily retaining data for processing purposes.