Which of These Is a Proper Contrast Between Birds and Mammals

question 5

Multiple Choice

Which of these is a proper contrast between birds and mammals?

• A)Birds are cold-blooded; mammals are warm-blooded.
• B)Birds are egg laying; no mammals lay eggs.
• C)Birds have air sacs in addition to lungs; mammals have no air sacs.
• D)Birds lack a septum between the ventricles; mammals have a septum between the ventricles.
• E)Birds,unlike mammals,require no parental care.

Identify instances and rationalize why wage disparities occur according to the marginal productivity theory.

Interpret the implications of diminishing returns on the distribution of income among workers.

Recognize varying interpretations and critiques of the marginal productivity theory of income distribution.

Distinguish between compensating differentials and efficiency wages in the context of wage disparities.

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Definitions:

Economic Contraction

A decline in national output as measured by GDP, often leading to higher unemployment and lower spending.

Multiplier Size

The ratio of change in the economic output to the initial change in spending or investment that brought it about, indicating the scale of impact on the economy.

Government Purchases

Expenditures on goods and services by government at all levels, excluding transfer payments.

Total Output

The total value of all goods and services produced in an economy during a specific time period.