Empirical Investigations into Whether Differences in Income Per Person Are

question 69

Multiple Choice

Empirical investigations into whether differences in income per person are the result of differences in the quantities of the factors of production available or differences in the efficiency with which the factors are employed typically find:

• A) a negative correlation between the quantity of factors and the efficiency of use.
• B) a positive correlation between the quantity of factors and the efficiency of use.
• C) no correlation between the quantity of factors and the efficiency of use.
• D) large gaps between the quantity of factors accumulated and the efficiency of use.

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Definitions:

Gift Card Regulation

Laws and guidelines governing the issuance, expiration, and fees associated with gift cards.

Expiry Dates

The specified dates after which a product or document is no longer considered effective or safe to use.

Unconscionable Transactions

Agreements that are so unfairly one-sided that they are considered to be oppressive or shockingly unjust.

Consumer Protection Legislation

Laws designed to ensure fair trade for consumers and to protect them from harmful practices by businesses.