Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 13R, Problem 2MCQ
To determine
The correct option that define the results of
Expert Solution & Answer
Answer to Problem 2MCQ
Option a is correct.
Explanation of Solution
Explanation for correct option:
a.
Demand for automobiles workers is a derived demand because demand for workers will arise if demand for automobile workers increase and vice-versa. Therefore, option a is correct.
Explanation for incorrect options:
b.
Irrational demand refers to the demand where there is no connection between the prices and the demand of the products. Therefore, option b is incorrect.
c.
d.
e.
Economics Concept Introduction
Factor of production: Factor of production refers to the components or the resources that are required for producing intangible or tangible products.
Demand: Demand refers to the quantity of products that is sufficient to be produced to meet requirements of all customers.
Chapter 13R Solutions
Krugman's Economics For The Ap® Course
Ch. 13R - Prob. 1MCQCh. 13R - Prob. 2MCQCh. 13R - Prob. 3MCQCh. 13R - Prob. 4MCQCh. 13R - Prob. 5MCQCh. 13R - Prob. 6MCQCh. 13R - Prob. 7MCQCh. 13R - Prob. 8MCQCh. 13R - Prob. 9MCQCh. 13R - Prob. 10MCQ
Ch. 13R - Prob. 11MCQCh. 13R - Prob. 12MCQCh. 13R - Prob. 13MCQCh. 13R - Prob. 14MCQCh. 13R - Prob. 15MCQCh. 13R - Prob. 16MCQCh. 13R - Prob. 17MCQCh. 13R - Prob. 18MCQCh. 13R - Prob. 19MCQCh. 13R - Prob. 20MCQCh. 13R - Prob. 21MCQCh. 13R - Prob. 22MCQCh. 13R - Prob. 23MCQCh. 13R - Prob. 24MCQCh. 13R - Prob. 25MCQCh. 13R - Prob. 1FRQCh. 13R - Prob. 2FRQCh. 13R - Prob. 3FRQCh. 13R - Prob. 5CTQ
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