The Term Facultative Refers to

question 77

Multiple Choice

The term facultative refers to

• A)The ability to exist in a wide range of conditions
• B)Existing in a very narrow niche
• C)Using chemicals for energy production
• D)Using light for energy production
• E)Using oxygen for metabolism

---

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.