-Refer to the Above Figure

question 239

Multiple Choice

-Refer to the above figure. Which curve shows the second most unequal distribution of income?

• A) A
• B) B
• C) C
• D) D

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Definitions:

Labor

Any mental or physical exertion on the part of a human being that is used in the production of a good or service. One of the four economic resources.

Output

In economic terms, this signifies total products or services that have been manufactured or provided by a company in a particular period, acting as a measure of productivity.

Entrepreneurial Talent

The unique set of skills, intuition, and insights that an entrepreneur possesses, which contributes to the successful creation and growth of businesses.

Accounting Profit

The profit a company has after deducting all its costs from its total revenues, according to standard accounting practices.