Factor Markets Are Different from Product Markets in an Important

question 293

Multiple Choice

Factor markets are different from product markets in an important way because

• A)equilibrium is the exception, and not the rule, in factor markets.
• B)the demand for a factor of production is a derived demand.
• C)the demand for a factor of production is likely to be upward sloping, in violation of the law of demand.
• D)All of the above are correct.

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Definitions:

National Association For Medical Assistants

A professional organization that represents the interests of medical assistants and promotes their professional skills and ethics in the healthcare industry.

Orthopedic Medical Assistant

A healthcare professional who supports orthopedic physicians in treating musculoskeletal system conditions.

Musculoskeletal System

The organ system that enables humans to move using the muscular and skeletal systems, including bones, muscles, cartilage, tendons, ligaments, and joints.

Body Mechanics

The application of physical principles to achieve maximum efficiency and to limit risk of physical stress or injury to the practitioner of physical therapy, massage therapy, or chiropractic or osteopathic manipulation.