The Demand for an Input Is Called a Derived Demand

question 110

Multiple Choice

The demand for an input is called a derived demand because

• A)employers of inputs,particularly labor,derive income from using inputs.
• B)employers derive satisfaction from giving employment to an input.
• C)the demand for output is derived from the demand for the inputs used to produce it.
• D)it arises from the demand for the output that the input is used to produce.

Comprehend the workforce size of different health professions.

Analyze trends and income levels in health occupations.

Understand the relationship between health occupations and societal issues.

Recognize the employment growth prospects in the health sector.

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Definitions:

Problem Solving

A cognitive process that involves finding solutions to difficult or complex issues.

Framing Information

The way information is presented or structured to influence perception and understanding.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Additive Strategy

A decision-making process in which alternatives are evaluated by summing up their attributes, giving more weighted attributes higher importance.