The Categorization of People Based on Physical Characteristics Such as Skin

question 10

Multiple Choice

The categorization of people based on physical characteristics such as skin color, dimensions of the human face, and hair is

• A) ethnicity.
• B) race.
• C) creed.
• D) culture.

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Definitions:

Income Distribution

The way in which a nation's total earnings are spread among its population, which can range from equal to highly unequal.

Human Capital

Human capital is the collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.

Marginal Product

The additional output that is produced by adding one more unit of a specific input, keeping all other inputs constant.

Efficiency Wage

A theory proposing that higher wages lead to increased productivity and efficiency among workers by attracting better applicants, reducing turnover, and increasing worker effort.