If the Demand for Softballs Increases, One Could Expect the Demand

question 193

Multiple Choice

If the demand for softballs increases, one could expect the demand for leather to increase.This is attributable to the

• A)opportunity cost of producing softballs.
• B)marginal productivity principle.
• C)reduction in the cost of production of softballs.
• D)derived demand for an input.

---

Definitions:

Job Relatedness

The degree to which tests, selection procedures, and qualifications are relevant and appropriate for a particular job or role, ensuring that hiring practices are fair and valid.

Voluntary Affirmative Action Program

A company-initiated program aimed at increasing the employment opportunities of certain groups such as minorities and women to create a diverse workplace.

Blind Test

A type of experiment or evaluation where information about the test, such as the identity of the subjects or the product being tested, is withheld from participants to eliminate bias.

Economic Utility

The value or benefit a consumer receives from using a product or service, contributing to their overall satisfaction.