The Demand for Factors of Production Is Called a Derived

question 63

Multiple Choice

The demand for factors of production is called a derived demand because it is:

• A)derived from the demand for the outputs that are produced by the factors of production.
• B)derived from the available supply of factors,such as land,that can be overexploited.
• C)not easy to determine and must be derived by a technical (and often complicated)process.
• D)derived on the basis of questions posed to residents during the census.

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Definitions:

New Knowledge Skills

The acquisition and application of new abilities and expertise, particularly in adapting to technological advancement or changes in a field of study or work.

Activities Outside

Outdoor activities that can range from sports and leisure to environmental engagement or community events.

Group Meetings

Gatherings of individuals in a group aimed at discussing topics of mutual interest, sharing information, or working collectively towards a common goal.

Sitting Directly Across

A seating arrangement where two people face each other directly, often used to facilitate direct communication or confrontation.