According to Davis and Moore's Theory of Stratification, Talented People

question 47

Multiple Choice

According to Davis and Moore's theory of stratification, talented people require an incentive or they will not be motivated to undergo the sacrifices required to train for most important jobs. Which of the following correctly identifies these incentives?

• A) money and employment satisfaction
• B) money and leisure time
• C) prestige and employment satisfaction
• D) money and prestige

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Definitions:

Monopoly Power

The exclusive control by one company over an entire industry or sector, allowing the company to manipulate market prices and conditions.

Antitrust Laws

Regulations established to encourage competition by limiting monopolies, price fixing, and other practices detrimental to free market economics.

Herfindahl Index

The Herfindahl Index is a measure of market concentration, calculated by summing the squares of the market shares of all firms in the industry.

Clayton Act

A U.S. antitrust law passed in 1914, aimed at promoting competition and preventing monopolies by prohibiting certain actions that could lead to anti-competitive practices.