The Age-Earnings Cycle Is an Earnings Profile of an Individual

question 145

Multiple Choice

The age-earnings cycle is an earnings profile of an individual throughout the person's lifetime. The profile shows that

• A) earnings usually peak at age 25 and then decline.
• B) earnings gradually rise until they peak around age 50.
• C) earnings and age have no particular correlation.
• D) younger workers have the most productivity.

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Definitions:

Police Powers

The capacity of the state to regulate behavior and enforce order within its territory, often exercised to protect a community’s health, safety, and welfare.

Federalism

A system of government in which power is divided between a central authority and constituent political units, like states or provinces.

Equal Protection Clause

A clause in the Fourteenth Amendment of the U.S. Constitution that prevents states from denying “the equal protection of the laws” to any citizen. This clause implies that all citizens are created equal.

State's Rights

The political powers reserved for U.S. states by the Constitution, distinct from those delegated to the federal government.