Demand in Factor Markets Differs from Demand in Product Markets

question 238

Multiple Choice

Demand in factor markets differs from demand in product markets in that

• A) the demand for a factor of production is difficult to determine.
• B) the demand for a factor of production is influenced by workers' productivity and by the producers' expected sales revenues, not by tastes and preferences of consumers.
• C) demand for a factor of production is based on the tastes and preferences of firms.
• D) demand for a factor of production is based on the tastes and preferences of resource owners.

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Definitions:

Atypical Antipsychotic Drugs

A newer class of psychiatric medication that treats symptoms of psychosis, such as delusions and hallucinations, with potentially fewer side effects than older antipsychotic drugs.

Extrapyramidal Side Effects

Side effects caused by certain medications, particularly antipsychotics, that affect movement, leading to symptoms like tremors, slowness, and muscle stiffness.

Conventional Antipsychotic

A class of drugs used to treat symptoms of psychosis such as schizophrenia, characterized by blocking dopamine receptors.

Tardive Dyskinesia

A neurological syndrome characterized by repetitive, involuntary, purposeless movements caused by long-term use of certain medications.