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D) lies above the firm's labor demand curve. 3. When economists say that the demand for labor is a derived demand, they mean that it is: ...
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academic.wsc.edu/faculty/chparke1/c13sendout.doc
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35. When economists say that the demand for labor is a derived demand, they mean that the demand for labor is a. related to the demand for the product labor is producing b. dependent upon government expenditures for social goods and services c. based on the assumption that workers are trying to maximize their...
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courses.missouristate.edu/ReedOlsen/courses/exams/165-s...
courses.missouristate.edu/ReedOlsen/courses/exams/165-s96.htm
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35. When economists say that the demand for labor is a derived demand, they mean that the demand for labor is *a. ... 36. An increase in the market demand for labor will cause: a. the supply of labor to rise *b. the wage rate to rise and the quantity of labor employed to rise c. the level of employment to fall d.
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courses.missouristate.edu/ReedOlsen/courses/exams/165-f...
courses.missouristate.edu/ReedOlsen/courses/exams/165-fl97.htm
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A. The effects of sexual or racial discrimination on wages are easily measured by economists. ... 15. What does it mean to say that the demand for labor is a "derived" demand?
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academic.udayton.edu/johnrapp/part_four_test.htm
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9-1 Economists say that "the demand for labor is a derived demand." This means that ... A. Incorrect. While the demand for labor is downward sloping, derived demand means something more specific.
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www.pc.maricopa.edu/LiberalArts1/economics/ecn111/pract...
www.pc.maricopa.edu/LiberalArts1/economics/ecn111/practice/ch9ans1.html
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To see why wage flexibility was considered so desirable, we need to explore the idea of derived demand. ... The supply of labor will no longer be horizontal, but should slope sharply upward. When the demand for goods drops, less labor will be demanded at old wage rates. The surplus labor should lead to a drop in wages...
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www.ingrimayne.com/econ/Labor/DerivedDemand.html
www.ingrimayne.com/econ/Labor/DerivedDemand.html
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It should be noted at the outset that the demand for labor is a derived demand. This means that the demand for labor depends ... If the Wage declines, the cost of producing the product will decline, which will generally mean a decrease in price and an increase in quantity demanded. If the elasticity of product demand is high,
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isu.indstate.edu/conant/ecn351/ch5/chapter5.htm
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On the right is Dynamic Enterprises, one of a great many buyers of unskilled labor. Its demand curve will be the downward-sloping part of its MRP curve. ... But this high total value does not mean that the value of another garbage collector is high. ... Economists say that the demand for a resource is a derived demand.
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ingrimayne.com/econ/resouceProblems/MarginalProd.html
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Page 13 68. When economists say that the demand for labor is a derived demand, they mean that it is: A) dependent on government expenditures for public goods and services. B) related to the demand for the product or service labor is producing.
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www.docstoc.com/docs/4647055/Micro-Practice-test-4
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