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

---

Definitions:

CRM Application

Customer Relationship Management Application; software that helps businesses manage, track, and improve their interactions with customers and potential customers.

Supply Chains

The sequence of processes involved in the production and distribution of a commodity, from the sourcing of raw materials to the delivery of the final product to the consumer.

Material

Refers to physical substances from which objects are made, often characterized by their durability, flexibility, and other physical properties.

Information

Processed data that is meaningful and useful for decision-making.