The Marginal Productivity Theory of Income States That a Person's

question 4

Multiple Choice

The marginal productivity theory of income states that a person's total income is determined by

• A)the amount and productivity of factors of production the individual owns.
• B)how much the individual works.
• C)how profitable the firm the individual works for is.
• D)how much the individual has inherited.

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Definitions:

Buffers

Substances that minimize changes in pH by absorbing or releasing hydrogen ions, helping maintain a stable environment in solutions like blood.

Salts

Ionic compounds resulting from the neutralization reaction of an acid and a base, consisting of cations (other than H+) and anions (other than OH-).

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance which is the main constituent of Earth's hydrosphere, and the fluids of all known living organisms.

Mass Number

Of an isotope, the total number of protons and neutrons in the atomic nucleus.