Derived Demand Is a Demand for

question 59

Multiple Choice

Derived demand is a demand for

• A)final goods and services.
• B)intermediate goods like steel and plastics.
• C)resources used only by monopolies.
• D)factors of production.

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Definitions:

Observational Learning

Observational learning is a learning process through which individuals alter their behavior after observing others, modeling their actions based on what they have observed.

Habituation

The process by which there is a decrease in response to a stimulus after being repeatedly exposed to it, highlighting an organism's ability to adapt to its environment.

Emotional Arousal

The state of being emotionally stimulated or excited, which can affect both physiological and psychological functioning.

Observable Behavior

Any action or reaction of a person or animal that can be directly seen or measured.