Labor Demand Is Considered a Derived Demand Because Producers Do

question 63

True/False

Labor demand is considered a derived demand because producers do not demand labor for itself but only because labor is used to produce output that consumers desire.

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Definitions:

Topographic Map

A detailed map that represents the three-dimensional features of a place, such as mountains and valleys, using contour lines to denote elevation changes.

Contours

Lines on a map that connect points of equal elevation, used to represent the shape and elevation of terrain.

Shaded-Relief Map

A map of an area whose relief is made to appear three-dimensional by simulating the shading on mountains, valleys, and other features.

Topographic Map

A map that represents the three-dimensional surface of the earth using contour lines to show elevation changes.