The Fact That a Rock Star Earns $5 Million a Year

question 156

Multiple Choice

The fact that a rock star earns $5 million a year while a teacher earns $25,000 annually is most directly an example of an economy answering the ________ part of one of the two big economic questions.

• A) "when"
• B) "for whom"
• C) "how"
• D) "why"

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Definitions:

Void

A legal term indicating that a contract or action is invalid and has no legal effect.

Emancipation

The termination of a parent’s right to control a child and receive services and wages from him or her.

Formal Agreement

A legally binding contract or document that explicitly outlines the terms and conditions agreed upon by the parties.

Age of Majority

The legally defined age at which an individual is considered an adult and capable of making legal decisions on their own behalf.