The Definition of the Economic Concept of Income Is Usually

question 39

Multiple Choice

The definition of the economic concept of income is usually attributed to which of the following economists?

• A) J. R. Hicks
• B) Paul Samuelson
• C) Ben Bernanke
• D) Adam Smith

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Definitions:

Advantage

A condition or circumstance that puts someone or something in a favorable or superior position.

Ethnocentrism

The act of judging another culture solely by the values and standards of one's own culture.

Stereotyping

Assigning a wide range of generalized attributes to an individual on the basis of membership in a particular culture or social group.

Diversity

The inclusion of individuals from various backgrounds, cultures, and perspectives, enriching the workplace or community.