When Each Factor Is Paid an Amount Equal to the Value

question 94

Multiple Choice

When each factor is paid an amount equal to the value of the marginal product of the last unit of that factor employed in the factor market as a whole, this is referred to as:

• A)the marginal productivity theory of income distribution.
• B)diminishing marginal product.
• C)the factor distribution of income.
• D)the efficiency wage model.

Recognize the types and functions of epithelial tissue.

Explain the role and importance of extracellular components in tissue structure.

Identify the organ systems and their coordinating mechanisms.

Understand the characteristics and functions of muscle tissues including differences among the types.

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Definitions:

Social Inequality

The existence of unequal opportunities and rewards for different social positions or statuses within a group or society, often based on race, gender, wealth, or other factors.

Ascribed Statuses

Social positions individuals are born into, such as family background, race, and gender, which are involuntary and not achieved by personal effort or merit.

Social Stratification

The hierarchical arrangement of individuals or groups in society based on wealth, power, status, or other criteria.

High Mobility

Refers to the ability of individuals, goods, or information to move or be moved quickly and easily within or across geographical, social, or digital spaces.