Meritocracy in System of Distribution

+44 141 628 6080
[email protected]

An emphasis onto socioeconomic mobility based upon equality of opportunity, independently of inheritances of land or else physical capital, which is a centerpiece of a system of distribution termed as: (1) meritocracy. (2) laissez faire capitalism. (3) feudalism. (4) socialism. (5) syndicalism.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

View Complete Question

Related Questions in Microeconomics

Q : About greatest economy Does Europe and-

Does Europe and- USA or China have the greatest economy?

Q : Making purely competitive firm A purely

A purely competitive firm will produce where is: (w) MC is rising. (x) MC = P. (y) MC = MR. (z) All of the above. Can anybody suggest me the proper explanation for given problem regarding Economics

Q : Decreasing Marginal Utility Can someone

Can someone help me in finding out the right answer from the given options. The diminishing marginal utility law defines that: (i) Net utility rises up to a point and then reduces as more units of good are consumed. (ii) Net utility reaches a negative value if the goo

Q : Agricultural demand The demand for

The demand for agricultural products is: A) relatively elastic with respect to price. B) relatively inelastic with respect to price. C) relatively elastic with respect to income. D) downward sloping to the individual farmer, but perfectly elastic to farmers as a group.

Q : Inefficiency of market equilibrium When

When firms have market power although do not price discriminate perfectly, in that case the market equilibrium will be inefficient since: (w) P = AC = MC. (x) total revenue equals total costs [TR = TC]. (y) MSB = P > MC = MSC. (z)

Q : Needs Standard for Income Distribution

The needs standard for income distribution would certainly involve: (w) difficulty in the measurement of productivity. (x) an enormous bureaucracy. (y) greater incentives for production than the contribution standard. (z) economic ef

Q : Annual economic profit of production

When point e corresponds to $18 per copy for St. Valentine’s Day software, so Prohibition Corporation can produce annual economic profit of at most just about: (i) $100 million. (ii) $140 million. (iii) $200 million. (iv) $300 million. (v) $400

Q : Break Even Income A marginal tax rate

A marginal tax rate of 50 percent and an income floor of $6,500 yield a break even income of: (w) $3,250. (x) $6,500. (y) $9,750. (z) $13,000. I need a good answer on the topic of Economics

Q : Effects of price rise on Substitution

Can someone help me in finding out the right answer from the given options. The Substitution away from the good is bigger when its price increases the: (1) More close substitutes there are for good. (2) More different utilizations to which the good has been place at t

Q : Calculations of price elasticity of

At a price of $50, the demand for DVD games is roughly: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) relatively inelastic.

Discover Q & A

Leading Solution Library

Avail More Than 1413982 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1929762
Asked

3,689

Active Tutors

1413982

Questions
Answered

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

Submit Assignment