Those Who Advocate the Marginal Productivity Theory of Income Distribution

question 252

Multiple Choice

Those who advocate the marginal productivity theory of income distribution argue that

• A)government policy should be used to redistribute income based on need.
• B)family income should be based on a family's demand for products.
• C)resource markets will set incomes based on workers' contributions to the output of scarce goods and services.
• D)monopoly and monopsony power do not affect resource payments of the overall distribution of income.

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Definitions:

Major Organic Product

The primary chemical species formed in the highest yield during a chemical reaction involving organic compounds.

PCC

Pyridinium chlorochromate, a reagent used in organic chemistry for the oxidation of primary alcohols to aldehydes and secondary alcohols to ketones.

Mass Spectrum

A graph or data set representing the distribution of ions by mass in a sample, used to determine the molecular mass and composition of a compound.

Base Peak

In mass spectrometry, this is the highest peak in a mass spectrum, representing the most abundant ion.