Because it is based on the demand for products, the demand for labor is called
a. a substitution demand
b. a complementary demand
c. an income demand
d. a derived demand
e. a marginal demand
D
Economics
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The process in which new technologies replace old ones, new businesses replace existing businesses, and new skills make old ones irrelevant is referred to as:
A) business development. B) creative destruction. C) globalization. D) liberalization.
Economics
In the context of a roulette wheel, gambler's fallacy refers to the belief that:
A) outcomes of a gamble are mostly repetitive. B) winners in a gamble lose the next round. C) outcomes of a gamble tend to avoid repeats. D) winners in a gamble continue to win in streaks.
Economics