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:

Court Rulings

Judicial decisions made by a court following a litigation process.

Unconscious Bias

Refers to the attitudes or stereotypes that affect our understanding, actions, and decisions in an unconscious manner.

Discriminate

To make distinctions between things or people, which can be benign (as in discerning tastes) or illegal/morally problematic when based on prejudice against certain groups.

Employee Network Group

A structured group within an organization aimed at fostering connections and support among employees, often centered around shared interests or identities.