Solved

If the Marginal Productivity of Labor Was the Sole Determinant

Question 106

Multiple Choice

If the marginal productivity of labor was the sole determinant of household income in the U.S., then


A) no households would be poor according to the official government definition of poverty
B) no households would be poor according to a relative definition of poverty
C) the distribution of income would be unequal
D) every household would have sufficient income to meet biological needs
E) there would be no need for government programs to redistribute income

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions