Question 1
The fact that the demand for car workers stems from the demand for cars is referred to as
◦ the value of the marginal product of car workers.
◦ output demand.
◦ indirect demand.
◦ derived demand.
Question 2
New technology in the form of computer spreadsheets has increased the productivity of accountants. This will cause
◦ the demand curve for accountants to shift to the right since the productivity of accountants has increased.
◦ the demand curve for accountants to shift to the left, since it requires fewer accountants than it did before to do the same amount of work.
◦ firms to move up their demand curves for accountants.
◦ firms to move down their demand curves for accountants.