Derived Demand Is

question 38

Multiple Choice

Derived demand is

• A) consumer demand for goods and services.
• B) based on the prices of factors of production.
• C) the demand for factors of production directly by business.
• D) the demand for factors of production dependent on consumer demand for output.
• E) calculated for firms.

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Definitions:

Bankruptcy

A legal process through which individuals or businesses unable to meet their financial obligations can seek relief from some or all of their debts.

National Deficit

The financial situation in which a government's expenditures surpass its revenues, leading to borrowing and debt accumulation.

Passing of Wind

The discharge of intestinal gas from the rectum, a natural, although often socially embarrassing, physiological process.

Natural Functions

Essential processes or roles that occur in the natural world, often relating to ecological balance, reproduction, or survival mechanisms.