The Income at the 90^th Percentile for a Hypothetical Country

question 9

Multiple Choice

The income at the 90^th percentile for a hypothetical country is $120,000 and the income at the 10^th percentile is $15,000.The 90:10 income ratio is

• A)0.111
• B)0.125
• C)8
• D)10.50

Explain the law of diminishing marginal returns.

Assess the impact of technology on labor productivity and the production function.

Identify factors that influence labor productivity.

Distinguish between increases in physical and human capital.

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Definitions:

Right-Handed

Preferring to use the right hand for most activities, especially intricate tasks like writing or eating.

Reproduce Drawing

The act of copying or imitating the contents of a drawing, often used in psychological testing or art therapy assessments.

Endocrine System

A collection of glands in the body that secrete hormones directly into the circulatory system to be carried towards distant target organs.

Hormonal System

A complex network of glands and hormones that regulates various functions in the body, including growth, metabolism, and reproduction.