The Marginal Productivity Theory of Distribution Has Been Criticized Because

question 231

Multiple Choice

The marginal productivity theory of distribution has been criticized because

• A)it assumes that the existing distribution of ownership factors is fair and just when it may not be.
• B)it does not tell us much about real policy matters.
• C)a factor's MRP does not in any way correspond to productive effort.
• D)All of the above are correct.

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Definitions:

Sympathetic Nervous System

Part of the autonomic nervous system that activates what is often termed the fight or flight response.

Autonomic Nervous System

A component of the nervous system that controls involuntary functions such as heart rate and digestion.

Direct Effects

Immediate outcomes or impacts of an action, intervention, or phenomenon without the mediation of other factors.

Reactivity

The tendency of a person or system to be affected by external stimuli or conditions.