Which One of the Following Is Based on the Idea

question 73

Multiple Choice

Which one of the following is based on the idea that marginal utility of income diminishes as income increases?

• A)Progressive taxation
• B)Capital controls
• C)Minimum wages
• D)Price controls
• E)Employee compensation regulations

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Definitions:

Fundamental Benefits

Core advantages or essential positives that stem from a particular action, policy, or product.

Changing Demographics

The varying characteristics of populations over time, such as age, race, and gender, which can impact social, economic, and political structures.

External Environment

The external factors, forces, situations, and events outside an organization that can affect its strategies and performance.

Abrasion-Resistant

Refers to the capacity of a material to withstand wear, tear, or degradation from friction and continuous use.