When the Demand for Automobiles Is High,the Demand for Workers

question 239

Multiple Choice

When the demand for automobiles is high,the demand for workers who build automobiles is high.This relation between the market for automobiles and the market for the labour that builds automobiles is why demand in a factor market is called:

• A) the marginal productivity theory of income distribution.
• B) a compensating differential.
• C) the factor distribution of income.
• D) a derived demand.

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Definitions:

Confidence Interval

An estimated range of values, calculated from sample statistics, that is likely to contain the value of an unknown population parameter.

Monthly Cost

The total amount of expenses incurred by an individual, household, or organization within a month.

State Supported

Institutions or activities receiving financial assistance from the government, which can include educational establishments, public services, or infrastructure projects.

Confidence Interval

A range of values, derived from sample statistics, that is believed, with a certain level of confidence, to contain the value of an unknown population parameter.