Which of the Following Statements Is Correct

question 535

Multiple Choice

Which of the following statements is correct?

• A) Approximately 50 percent of our national income is allocated to human capital, while the remaining 50 percent is allocated to physical capital in the form of rents, interest, and corporate profits.
• B) As union membership as a share of the U.S. labor force has declined during the last three decades, the share of national income allocated to physical capital has risen.
• C) Unions have consistently opposed minimum wage legislation because it tends to cause unemployment.
• D) During the past several decades, the share of output going to capital has been virtually constant, even though union membership as a share of the labor force has decreased.

Understand the importance of developing multiple solutions for problem-solving.

Identify examples of verbal and nonverbal communication.

Recognize the significance of communication skills in the workplace.

Understand the impact of corporate culture on employee empowerment.

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Definitions:

Toys

Objects designed for play, typically used by children, that can range from simple handmade items to complex electronic devices.

Excise Tax

A tax on sales of a good or service.

Producers

Individuals or businesses that create and supply goods or services in the economy.

Tax Rate

The amount of tax people are required to pay per unit of whatever is being taxed.