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BartSMP [9]
2 years ago
8

When economists say that the demand for labor is a derived demand, they mean that it is Group of answer choices dependent on gov

ernment expenditures for public goods and services. related to the demand for the product or service labor is producing. based on the desire of businesses to exploit labor by paying below equilibrium wage rates.
Business
1 answer:
Katen [24]2 years ago
8 0

Answer:

related to the demand for the product or service labor is producing.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

In Economics, there are four (4) main factors of production and these are;

I. Land.

II. Labor (working).

III. Capital resources.

IV. Entrepreneurship.

Labor refers to the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

Generally, when these aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.

Typically, when economists say that the demand for labor is a derived demand, what they do really mean is that, this demand for labor is related to the demand by the consumers for the product or service labor is producing.

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Mohammed works in a marketing department and is working on his Master's Degree in Marketing. His career goal is to become the ma
Zielflug [23.3K]

Answer:

(D) He should include a timeframe.

Explanation:

A concrete mapping of his goal in a timeframe is all Mohammed needs to make his goal SMART (Specific, Measurable, Achievable, Realistic, and Timely).

Since Mohammed is someone who has a strong educational and professional background regarding his goal, then the goal automatically becomes realistic and achievable. On the other hand, it is also specific, since he clearly states his desired position (he emphasizes the job of marketing department manager instead of simply stating he wants a promotion).

Since his goal is a discrete (not continuous) event, the Measurable characteristic is somewhat irrelevant.

All that is left for him to do is to state by which point in time he wants to achieve that goal (e.g. in five years' time).

6 0
3 years ago
A software company in China has decided to become a multinational enterprise (MNE). The company desires to completely own its su
ipn [44]

Answer:

Acquisition

Explanation:

Acquisition mode of entry is a type of foreign market entry mode that offers fast, large and international expansion into a new market. This is done by a firm gaining control of another firm through the purchase of stocks or exchange of stocks. This type of strategy is usually used by multinational companies to acquire greater market power. A disadvantage of this type of entry is the high cost and integration is difficult due to different organization cultures and relationships..

3 0
3 years ago
The primary purpose of __________ is to preserve memories of persons or events.
kupik [55]
<span>monuments is the right answer </span>
3 0
3 years ago
Brittany and Brandon are both charged $250 for an office visit to the same specialist. Brittany's reimbursement policy has a ded
Contact [7]

Answer:

b) Brittany will pay more because she must pay the entire bill since she has not met her deductible while Brandon will have part of his bill paid by his policy.

Explanation:

since Brandon only $150 as the maximum amount his plan provides for a visit to any specialist, Brittany will have to pay more since Once she has met the deductible, the policy will cover the full cost of her visits.

7 0
2 years ago
Governments often implement price ceilings to protect consumers from the high prices of essential goods and services that freque
algol13

Price ceiling are measure employed by government to help the consumers by mandating a maximum price that the seller must charge for a product or service.

  • The measure of imposing price in market are rare but are notably used during natural disasters.

  • Price ceiling helps to prevent the producers from exploiting the consumers.

In conclusion, the major disadvantage of price ceiling is that when a price ceiling is set below the equilibrium price, the quantity demanded will exceed quantity supplied, thus, this will result to excess demand of goods and shortage in the market.

Learn more about Price ceiling here

<em>brainly.com/question/8868002</em>

7 0
3 years ago
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