Examlex

Solved

Use the Following to Answer Questions

question 198

Multiple Choice

Use the following to answer questions :
Figure: Equilibrium in the Labour Market Use the following to answer questions : Figure: Equilibrium in the Labour Market   -According to the marginal productivity theory of income distribution,if a unit of labour is paid more than a unit of capital,it is because,at the equilibrium quantity of each factor,the value of the _____ product of labour is _____ product of capital. A)  marginal;greater than the marginal B)  marginal;less than the marginal C)  average;greater than the average D)  average;less than the average
-According to the marginal productivity theory of income distribution,if a unit of labour is paid more than a unit of capital,it is because,at the equilibrium quantity of each factor,the value of the _____ product of labour is _____ product of capital.


Definitions:

Contracted Party

An entity or individual that has legally agreed to terms and conditions set forth in a contract with another party.

Ethical Dilemma

A situation in which a difficult choice has to be made between two or more morally correct actions that are in conflict.

Moral Principles

Fundamental beliefs about right and wrong that guide an individual's behavior and decision-making.

Ethical Behavior

Conduct that is consistent with what society, and individuals typically think are good values, often involving honesty, fairness, and integrity.

Related Questions