Radicalists and Political Economists Believe

question 20

Multiple Choice

Radicalists and Political Economists believe

• A)society is composed of one class that blends owners and workers.
• B)widespread inequality is an integral part of any capitalist system.
• C)existing political and economic arrangements can solve most current Industrial Relations issues.
• D)the value of goods and services produced by the workers is adequately reflected in wages.
• E)profits are equally shared by owners and workers.

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Definitions:

Household Income

The total income received by all members of a household, combining various sources of income into one figure.

Married Couple

Two individuals united in marriage, considered a single entity for purposes of filing joint tax returns and assessing tax liabilities or benefits.

Taxable Income

The portion of your income that is subject to taxes after all deductions and exemptions are applied, essentially the income you're taxed on by federal, state, or local authorities.

Interest Payers

Individuals or entities that owe interest on loans or debt instruments to other parties.