Which of the Following Factors Have a Derived Demand

question 89

Multiple Choice

Which of the following factors have a derived demand?
i.labor
ii.capital
iii.raw materials

• A) i and ii
• B) ii and iii
• C) i and iii
• D) i, ii, and iii
• E) i only

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Definitions:

Mental Operations

The processes of thinking and reasoning, including problem-solving, decision-making, and the manipulation of abstract concepts.

Object Permanence

The understanding in infants and young children that objects continue to exist even when they are not visible.

Sensory Perceptions

The process of receiving and interpreting information from the external world through the sensory organs.

Preoperational Thinking

A stage in cognitive development where children from about 2 to 7 years of age are able to use language and symbols but not capable of logical reasoning.