________ Tend to Be Something You Think About;________ Tend to Be

question 97

Multiple Choice

________ tend to be something you think about;________ tend to be based on feelings and desires.

• A)Wants;needs
• B)Transformations;emotions
• C)Recollections;memories
• D)Memories;recollections
• E)Needs;wants

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Definitions:

Winner-Take-All Markets

Markets in which the top performers or companies receive a disproportionately large share of the rewards, and the remaining competitors are left with very little.

Hourly Wage

The amount of money paid for each hour of work.

Dual Labor Market Theory

A theory suggesting the labor market is divided into two segments—the primary (high wage, good jobs) and the secondary (low wage, poor quality jobs) sectors.

Productivity Growth

The increase in the efficiency of production, measured by the amount of goods and services produced per unit of input.