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:

Completed Suicides

Instances in which attempts to take one's own life result in death.

Suicidal Ideation

Thoughts about killing oneself.

Suicide Rate

The number of suicides occurring among a specific population group during a certain period of time.

European Americans

Individuals in the United States who identify with or are descended from European ancestry.