Factor markets are different from product markets in an important way because

a. equilibrium is the exception, and not the rule, in factor markets.
b. the demand for a factor of production is a derived demand.
c. the demand for a factor of production is likely to be upward sloping, in violation of the law of demand.
d. All of the above are correct.

b

Economics

You might also like to view...

In the table above, what inflation rate belongs in space E?

A) 17.0 percent B) 6.8 percent C) 8.3 percent D) 15.4 percent

View
Economics

In the above table, the balance on the current account for Country X is ________ billion dollars

A) -35 B) -75 C) +75 D) -200

View
Economics