Which of the Following Is an Example of a Firm's

question 67

Multiple Choice

Which of the following is an example of a firm's derived demand?

• A) The demand for a firm's product is a function of the population demographics.
• B) Working more hours per week will increase the income derived from one's job.
• C) Factors that increase the demand for labor will increase the equilibrium wage.
• D) The wage that a worker earns is a function of his or her human capital.
• E) A firm's demand for college textbook study guide authors is linked to the supply of college textbooks.

---

Definitions:

Career Choices

Decisions and pathways a person considers in relation to their professional life.

Emerging Adulthood

A theoretical period of development, spanning the ages of 18 to 25, in which young people in developed nations engage in extended role exploration.

Development

The process of growth or progression through a sequence of stages, such as physical, psychological, or social development.

Societies

Groups of individuals living together in organized communities with shared laws, traditions, and values.