To Say That the Demand for Labor Is a Derived

question 58

Multiple Choice

To say that the demand for labor is a derived demand means that

• A)the quantity of labor is derived by the real wage rate
• B)the demand for labor depends upon the demand for the product produced by labor
• C)the supply of labor rises when the demand for labor falls
• D)equilibrium in the resource market ensures there is equilibrium in the product market
• E)changes in the demand for labor lead to changes in the demand for the product produced by labor

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Definitions:

Bedding

The formation of parallel layers of sediment as they accumulate over time, indicating successive periods of deposition.

Sedimentary Rocks

Rocks formed by the accumulation and compression of mineral and organic particles over time, often found in layers.

Sand Dunes

Natural accumulations or hills of sand formed by the wind or sometimes by water flow, often found in deserts, beaches, and other environments.

Upper Tan Sandstone

A specific layer of sandstone that is characterized by a tan or light brown coloration and occurs in the upper stratigraphic levels.