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.