Economic discrimination exists when
A) there is an unequal distribution of income in a country.
B) both income and wealth are unequally distributed in a country.
C) there is unequal access to education.
D) workers with the same marginal revenue products are paid different wages.
Answer: D
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Refer to Scenario 12.1. Assume Jennifer gave up smoking for only one year and invested that money ($2,190 ) at the 5 percent interest rate. How much would the investment be worth in 35 years?
A) $2,300 B) $12,080 C) $32,445 D) $80,483
The Paradox of Value is resolved by the willingness for an individual to pay a high price for a good or service that has a high marginal utility per dollar
Indicate whether the statement is true or false
How does moral hazard contribute to high bank leverage?
What will be an ideal response?
Which of the following is NOT correct regarding the theories of income distribution?
A) Dealing with how income ought to be distributed is a normative issue. B) The productivity standard for the distribution of income is stated "to each according to what they produce." C) The egalitarian principle of income distribution is "to each exactly the same." D) Dealing with how income should be distributed is a positive economic issue.