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Pete is an accountant and Judy works in a bank, but every evening of last year they worked to create a clever computer game. When they approached a publisher, they had no difficulty in gaining the interest of the publisher. Pete and Judy hired a lawyer to draft a licence agreement in which they would give the publisher exclusive rights to sell the game in North America for royalties based on gross sales. When the game was published, the advertising was rather vulgar but acceptable to Pete and Judy. They learned, however, that there was a further change -- the villain had been changed and clearly represented a world leader of an Asian country. Pete and Judy were embarrassed and outraged. On these facts, which of the following is true?
Demand For Capital
refers to the desire for investment in physical goods, technology, or equipment that can be used to produce other goods or services.
Derived Demand
The demand for a good or service that arises from the demand for another good or service, such as the demand for steel being derived from the demand for cars.
Productivity Of Labor
The measure of the output of goods and services produced by labor input, indicating the efficiency of labor use.
Demand For Labor
The need for employees by employers to carry out work, which varies with wage levels and economic conditions.
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