The demand for labor is described as a derived demand because
a. it is derived from the deman...
Social Studies, 11.12.2019 04:31 norsenorma
The demand for labor is described as a derived demand because
a. it is derived from the demand for products that use labor in the production process.
b. it is derived from government institutions that rely on labor markets for the purpose of raising tax revenue.
c. it is derived by workers seeking to earn income to fund the consumption of goods and services.
d. it is derived by producers seeking to make profits by starting new businesses.
Answers: 2
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