UNIT 08 / GOVERNMENT MICROECONOMIC INTERVENTION

Labour market forces and government intervention8.3 test

100 questions with explanations after each answer.

Practice mode

QUESTION 01 / 100Easy

Why is the demand for labour described as a derived demand?

Select one answerAWorkers demand wages because firms earn profit.BWorkers supply labour only after firms have fixed wages, regardless of demand for the goods they produce.CLabour demand depends solely on population size.DLabour demand depends on demand for its output.

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Question 1