Income Distribution by Marginal Productivity

As per the marginal productivity theory of income distribution, within a system of market capitalism, in that case income is distributed primarily in accord along with: (1) resource productivity and ownership. (2) how hard people work. (3) inherited wealth. (4) hierarchical positioning in productive enterprises. (5) bureaucratic networks and connections.

How can I solve my Economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Microeconomics

Q : Horizontal summation of individual

The purely competitive industry’s demand for the labor is: (i) Less elastic than the horizontal summation of individual firm’s demands. (ii) Perfectly elastic. (iii) Upward sloping as of the diminishing marginal returns to labor. (iv) Equi

Q : Risk and Uncertainty In word of Frank

In word of Frank Knight, risk: (w) exists when the probability of any specified event can be predicted. (x) appeals to the gambler personalities of innovators who next in social progress. (y) is irrelevant to good calculates of the economic costs of p

Q : Reducing proportion of the work force

The assertion which unions are more powerful nowadays than ever before is: (i) Supported by the consequences of the union contracts on an inflationary spirals. (ii) Reflected in the growing proportion of workers included in violent, protracted and costly strikes. (iii

Q : Law of demand in Ceteris Paribus Can

Can someone help me in finding out the right answer from the given options. The law of demand supposes that the income and tastes of the consumers are: (i) Strong determinants of the prices. (ii) Causes of movements all along the demand curve. (iii) C

Q : Uncertainty and Decision-making I have

I have a problem in economics on Uncertainty and Decision-making. Please help me in the following question. The error of omission would be: (i) The failure of an individual to invest in Microsoft 20 years ago. (ii) Individual cheating on a test. (iii)

Q : Collective Bargaining-managers and

The strikes tend to be resolved after worker’s savings trickle down to a discomfort region and there is an exhaustion of: (i) Public tolerance, causing government to set the fair settlement. (ii) Managers and inventories, causing the firms to increase their offe

Q : Higher value for the Gini index A

A higher value for Gini index tends to be related with: (w) decreases in the equality of the distribution of income or wealth. (x) decreases in the population’s total amount of income or wealth (y) reduced overall curvature of the Lorenz c

Q : Monopsony how do you determine

how do you determine equilibrium for nurses in a monopsony

Q : Dynamic Tit-for-Tat Carlos and Ivana

Carlos and Ivana are friends and roommates. They eat together despite who cooks. But this cooking game is repeated mostly every evening, across time the probable result would be which: (1) neither Carlos nor Ivana cook, nor do they eat. (2) Carlos alone cooks for both

Q : Wage Differentials-occupational crowding

The Disadvantaged groups have historically been pressured in the direction of low wage jobs in a process termed as: (i) Occupational crowding. (ii) Labor staggering. (iii) Systemic discrimination. (iv) Reverse favoritism. (v) Nepotism.

Discover Q & A

Leading Solution Library

Avail More Than 1428526 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1944756
Asked

3,689

Active Tutors

1428526

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment