Derived Demand Means

question 87

Multiple Choice

Derived demand means

• A) the labor demand curve will be upward sloping.
• B) labor demand is derived from demand for the product it produces.
• C) labor demand will shift about in a random fashion.
• D) labor demand is determined by the supply of labor.

---

Definitions:

Personal Representative

An individual appointed to administer the estate of a deceased person, also known as an executor or administrator.

Executor

The personal representative appointed to administer the estate of a person who died leaving a valid will.

Beneficiaries

Individuals or entities designated to receive the benefits or proceeds from insurance policies, trusts, wills, or other contracts.

Testator

An individual who has made a will or testament, in which they designate the distribution of their estate after their death.