The Demand for Labor Is a Derived Demand Because It

question 148

Multiple Choice

The demand for labor is a derived demand because it is derived from

• A) the supply of labor.
• B) union pressure.
• C) the demand for the output the labor produces.
• D) natural law.

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Definitions:

Nonindustrialized Cultures

Societies that have not undergone extensive industrialization and often maintain traditional ways of life.

Fluid Intelligence

The ability to think abstractly, reason, identify patterns, and solve problems with new information.

Crystallized Intelligence

Cognitive skills and specific knowledge acquired over a lifetime; it is heavily dependent on education and tends to remain stable over time.

Deductive Reasoning

A logical process in which a conclusion is based on the concordance of multiple premises that are generally assumed to be true.