Those who advocate the marginal productivity theory of income distribution argue that:
A. Government policy should be used to redistribute income based on need
B. Family income should be based on a family's demand for products
C. Resource markets will set incomes based on workers' contributions to the output of scarce goods and services
D. Monopoly and monopsony power do not affect resource payments of the overall distribution of income
C. Resource markets will set incomes based on workers' contributions to the output of scarce goods and services
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What would happen to measured GDP if more people started hiring workers to do household chores such as cooking and cleaning?
What will be an ideal response?
Migration from poor to rich countries hurts poor countries through
a. loss of educated individuals b. residents sending money abroad to migrants c. tightening job markets at home d. opening executive jobs to workers from developed countries e. all of the above