In Some Markets a Few Top Performers Receive a Disproportionate

question 23

Multiple Choice

In some markets a few top performers receive a disproportionate share of the rewards. Frank and Cook call this phenomenon

• A) capitalism.
• B) inevitable.
• C) liberalism.
• D) socialism.
• E) the winner-take-all effect.

---

Definitions:

Certified Liability

A recognized or certified obligation, often financial, that an entity is responsible for.

Drawer

The person or entity that writes or issues a check or draft instructing a bank to pay a specified sum of money from their account.

Financial Institution

An organization that provides financial services such as banking, investments, insurance, and loans to businesses and consumers.

Bills Of Exchange

Written orders for the payment of a specified sum of money to a designated person, either on demand or at a set time.