Multiple Choice
Which is not a criticism of the marginal productivity theory of distribution?
A) It assumes that the existing distribution of ownership factors is fair and just when it may not be.
B) It does not tell us much about real policy matters.
C) A factor's MRP does not in any way correspond to productive effort.
D) It is inconsistent with most empirical observations.
Correct Answer:
Verified
Correct Answer:
Verified
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