One Determinant of the Derived Demand for a Resource Is

question 207

Multiple Choice

One determinant of the derived demand for a resource is the

• A)price of the product made using the resource
• B)extra cost of the resource
• C)marginal resource cost of the resource
• D)availability of the resource in the marketplace
• E)quantity of the resource demanded

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Definitions:

Limited Government

A governance philosophy where governmental powers are restricted by law or a constitution, typically to protect citizens' freedoms.

Europe

Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere, comprising multiple countries with diverse cultures, languages, and economies.

Bourgeoisie

The social class that came to own the means of production during modern capitalism, typically marked by wealth, property ownership, and the ability to employ labour.

Electoral Institutions

Organizations and systems that organize, oversee, and regulate the process of electing representatives in a democracy.