"Economic Exploitation" Is Measured by

question 12

Multiple Choice

"Economic exploitation" is measured by

• A) the sum of all input costs, both direct and indirect.
• B) the difference between the value of output a worker adds and what she receives.
• C) the difference between a monopoly's profit and the profit of a competitive firm.
• D) the average wage of a skilled worker divided by the average wage of an unskilled worker.

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Definitions:

Creditors

Individuals or entities that are owed money by debtors, usually arising from contractual agreements, and have the legal right to pursue payment.

Corporate Name

The legal name under which a corporation is registered to conduct business.

Articles Of Incorporation

Official papers submitted to a government agency to formally register the establishment of a corporation.

Independent Contractor

A person who is hired to perform a specific undertaking but who is free to choose how and when to perform the work. An independent contractor may or may not be an agent.