The Demand for Labor Is a Derived Demand Because

question 20

Multiple Choice

The demand for labor is a derived demand because:

• A) labor is hired based on when the MRP is equal to the wage rate.
• B) we demand what labor produces and not labor itself.
• C) all products must have some labor embodied in them.
• D) labor is a variable input.

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Definitions:

Cranial Cavity

The space within the skull that houses the brain and other structures related to the central nervous system.

Mesonephros

A phase in the development of the vertebrate urinary and reproductive organs, serving as a temporary kidney during certain stages of embryonic development.

Pronephros

The most primitive form of the kidney found in embryonic development of vertebrates, functioning temporarily before giving way to more advanced kidney forms.

Allantois

An embryonic membrane in eggs and some mammals that deals with respiratory gas exchange and the management of waste.