The productivity standard says
A) that everyone should have exactly the same income.
B) that the age-earnings cycle should determine income.
C) that people should be compensated on the basis of what they produce.
D) that people should be compensated on the basis of their need.
Answer: C
Economics
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The quantity of real money demanded is
A) negatively related to the price level. B) positively related to the price level. C) independent of the price level. D) proportional to the price level
Economics
Suppose households unexpectedly decrease consumption. Which of the following will occur as a result of this unexpected reduction in consumption?
A) an increase in stock prices B) a reduction in stock prices C) no change in stock prices D) an ambiguous effect on stock prices
Economics