The Demand for a Factor of Production Is Called a Derived

question 109

Multiple Choice

The demand for a factor of production is called a derived demand because it is derived from

• A) the demand for goods and services produced by the factor of production.
• B) a table of specific prices and quantities.
• C) the ideas of an entrepreneur.
• D) a financial market.
• E) the supply of the factor of production.

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Definitions:

Collectively Naturalized

Refers to the process by which a group of people are granted citizenship simultaneously, as opposed to the individual naturalization process; typically occurs following territorial or geopolitical changes.

Congress

The legislative body of the United States government, consisting of two houses: the Senate and the House of Representatives.

Equal Rights Amendment

A proposed amendment to the United States Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex.

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Officially approved or sanctioned, often used in the context of treaties, amendments, or agreements being formally confirmed.