The Income of Lebron James Above the Minimum Payment Needed

question 202

Multiple Choice

The income of Lebron James above the minimum payment needed to acquire the type of service he performs is

• A)pure profit.
• B)economic rent.
• C)marginal rent.
• D)competitive rent.

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Definitions:

Disenfranchise

The revocation of the right to vote or other rights of citizenship, often affecting specific populations or groups.

Convicted of Felonies

Refers to individuals who have been found guilty by a court of law for committing crimes considered severe.

Poll Taxes

A tax levied on an individual as a prerequisite for the right to vote, historically used to prevent African American voters from exercising their voting rights.

Social Institutions

Established systems of social order that structure society, such as family, education, religion, and the economy.