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Why is the demand for labor referred to as a derived demand?
Derived demand results from a demand for increase in intermediates goods or production resulting from another demand resulting for final or intermediate goods. For example, a demand for an item can make its production increase, which makes its labor increase.
What will cause the capital stock when it increases?
Increases in the stock of capital will cause which of the following?The demand of labor increases.The demand of labor decreases.Selected answer No change in the demand of labor.First increase then decrease the demand of labor
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
What does the demand for labor contribute to?
Demand for labor contributes to how much wages should be
What is the elasticity of labor?
The rate at which any change in labor effects demand of labor or supply.
Why is the demand for labor referred to as a derived demand?
Derived demand results from a demand for increase in intermediates goods or production resulting from another demand resulting for final or intermediate goods. For example, a demand for an item can make its production increase, which makes its labor increase.
What will cause the capital stock when it increases?
Increases in the stock of capital will cause which of the following?The demand of labor increases.The demand of labor decreases.Selected answer No change in the demand of labor.First increase then decrease the demand of labor
In the mid 1600s the group that was least dependent on the labor of serfs was?
The nations of Western Europe were the least dependent on the labor of serfs.
What best explains why the law of supply and demand has an effect on labor market?
In the law of supply and demand the effect on the Labor Market is that labor is a commodity.Labor is a commodity
What does the demand for labor contribute to?
Demand for labor contributes to how much wages should be
How was the south dependent on slavery?
The economy of the South was dependent upon slave labor.
Why was there a high demand for slave labor in the Carolinas?
growing rice required much labor,so the demand for slaves increased.
What is the elasticity of labor?
The rate at which any change in labor effects demand of labor or supply.
Why was there high demand for slave labor in the Carolina's?
growing rice required much labor,so the demand for slaves increased.
Why was there a high demand for slave labor in Carolina?
growing rice required much labor,so the demand for slaves increased.
Why was there a high demand for slave labor Carolinas?
growing rice required much labor,so the demand for slaves increased.
Why price an independable variable and demand is dependent variable?
Because demand creates the price, and not the price dictates the demand.
