Labour Demand Is Considered a Derived Demand Because Producers Do

question 237

True/False

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

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Definitions:

Zuckerman

Refers to Marvin Zuckerman, a psychologist known for his research on sensation seeking and its implications on personality and behavior.

Sensation Seeking

A personality trait characterized by the search for experiences and feelings that are varied, novel, complex, and intense.

Middle School

An educational institution serving students typically between the ages of 11 and 14, bridging the transition from elementary school to high school.

Zuckerman

Refers to Marvin Zuckerman, an American psychologist known for his research on sensation seeking as a personality trait.