The Contributive Standard (Merit Standard) for Distributing Income Implies That

question 7

Multiple Choice

The contributive standard (merit standard) for distributing income implies that

• A) income should be distributed equally.
• B) income should be distributed according to need.
• C) income should be distributed according to the marginal productivity of workers.
• D) a transfer should be contributed to an individual above his or her contribution to net output.

Learn about the components of the money supply, such as M1.

Understand the regulatory framework of U.S. financial markets and the role of the federal and state governments.

Understand the biological basis of language acquisition.

Recognize the age-related differences in learning a second language.

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Definitions:

Dumping

The practice of exporting goods at a price lower than their normal value, often with the intention of undermining local markets or competitors.

General Agreement on Tariffs and Trade

An international treaty that was aimed at reducing tariffs and other trade barriers to promote international trade; it was the precursor to the WTO.

Trade Restrictions

Measures imposed by governments to limit or control international trade, such as tariffs, quotas, and embargoes.

Retaliation

Actions taken in response to an offense or wrongdoing, often seen in international trade policies as countermeasures to tariffs.