The Distribution of Income for Resources or Factors of Production

question 146

Multiple Choice

The distribution of income for resources or factors of production is referred to as the

• A) income effect.
• B) substitution effect.
• C) functional distribution of income.
• D) personal distribution of income.

---

Definitions:

African-American Cultures

The social, cultural, and historical contributions and practices of African Americans, shaped by their unique experiences in the United States.

Mid-Eighteenth Century

A historical period that refers to the years approximately between 1730 and 1770, noted for significant developments in European and American societies including the Enlightenment and the lead-up to the American Revolution.

American Slaves

People forcibly brought to or born into slavery in territories that would become the United States, largely until the Emancipation Proclamation.

New World

A term used by Europeans to describe the Americas after their discovery by Christopher Columbus in 1492, contrasting them with the "Old World" of Europe, Asia, and Africa.