The Marginal Productivity theory of income determination implies everyone gets paid for the value they produce: Critically assess this claim, exploring the arguments and evidence for and against it, and outline the most prominent alternative theory of income distribution and inequality.

Q: both Thomas malthus and David Ricardo, who described the "iron law of wages," linked poverty to?

A: Iron law of wages was given in 1817 by David Ricardo.

Q: Diversifying the workforce is considered as very important for organizations, due to couple of…

A: Diversified workforce is an important feature of any work organization in terms of growth and…

Q: The increase in marriages in which both spouses have a high paying job is given as explanations for…

A: United states being the largest economy in the world and with a very high per capita income has been…

Q: Consider a competitive labor market. Using the model of how income is determined in a labor market,…

A:

Q: The labor supply curve is upward sloping because        workers are willing to work more hours at…

A: Labor supply curve shows different combinations of wage and quantity of labor supplied.

Q: Teachers can work up to 180 days in a school year, and they earn the wage w for each day that they…

A: Since you have asked multiple questions, we will answer the first question for you. If you want any…

Q: Gambling increases in popularity, thus increasing the demand for card dealers at casinos. This would…

A: Labor demand is a derived demand, which depends on the demand for the final good. Higher (lower)…

Q: In the United States poverty rates among African-Americans are high and most people living below the…

A: Poverty line is the level of personal/family income below which an individual is considered as poor…

Q: Some economists say that profit earner is a kind of

A: To find : What is  profit earner type

Q: When comparing income and wealth inequality among "Western" industrial societies globally, the U.S.…

A: The income inequality shows that how much it differs when someone is earned in a given year in terms…

Q: Suppose that, on average, men earn $17 an hour and have an average of 15 years of schooling. Women…

A: Given: Average earning of man : $17 per hour Average earning of woman : $15 per hour Average years…

Q: Several types of public policy have been used to attempt to alleviate poverty, with varying success.…

A: Minimum wage is always set above the equilibrium wage rate, and it creates excess supply of labor in…

Q: Which type of worker would earn the high income but has lesser marginal productivity?     a.Fashion…

A: At the marketplace, it can be seen that different occupation provide different range of income to…

Q: Discuss how the wage-schooling locus is determined in the labor market, and why it is upward sloping…

A: Wage-schooling locus refers to the situation when a worker gets an amount of salary for completing…

Q: For each of the following determine the impact on the demand or the supply of labor and the effect…

A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…

Q: . Which of the following is NOT the assumption of the Marginal Productivity Theory of Distribution?

A: To find : Which is not assumption of marginal productivity theory of distribution.

Q: Analyze and propose solution to the economic problem using the principles of applied economics.…

A: Poverty due to scarcity - The term scarcity refers to the fixed wants of an individual due to the…

Q: At the end of World War II, the international labor conference adopted a declaration which stated…

A: After the end of the World War II, various policies or regulation are implemented on the global…

Q: The labor supply curve is upward sloping because    Question 3 options:   workers are willing to…

A: A singular's labor supply bend marks out the number of hours they will work at various wages, the…

Q: Which of the following could shift the labor supply curve and increase employment?   a. increased…

A: The labor supply curve shows the people in the economy who are willing to work. It is upward sloping…

Q: In the United States, since the 1970s: the poorest 20% of wage earners has gained a greater share of…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: What is the difference between an agricultural wage worker and a peasant? What about a (fixed rent)…

A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If you…

Q: Which of the following is NOT the assumption of the Marginal Productivity Theory of Distribution?

A: To find:  Which of the following is NOT the assumption of the Marginal Productivity Theory of…

Q: Which of the following is true regarding means-tested welfare programs with benefit reduction rates…

A: When the benefit deduction rate is decreased from the initial benefit deduction level, then it leads…

Q: Example of government transfer can be: Select one alternative: building public school pension…

A: Government Transfer:- Government Transfers refers to the payments made by governments without…

Q: Which of the following statements proves the existence of wage discrimination? a. Male prison…

A: find below the answer.

Q: In general, different jobs pay different wages. One overarching reason is that different jobs have…

A: Wages are the remuneration that is given to the employee or the worker against the service offered.…

Q: TRUE or FALSE 48. The location choices of big labor-intensive companies will have bearing on…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Public choice analysis indicates most income transfers will be directed toward the poor. O…

A: Public choice is a branch of economics that is developed from the study of taxation and public…

Q: How do factor endowments affect personal income? Examine different provisions employed by the…

A: Factor endowment: It refers to the land, labor and capital. Factor endowment helps in the production…

Q: Which of the following is a characteristic of a purely competitive labor market? Multiple Choice All…

A: Equilibrium is attain where Ls=Ld

Q: According to the child labour model, if the demand curve is sufficiently elastic   A. there is a…

A: Child labour is defined as the exploitation of children through any sort of employment that robs…

Q: Currently, in the United States, poverty rates are comparatively low Group of answer choices for the…

A: The above question is based on 2011 data.

Q: When lenders decide to discrimination against certain groups and refuse to give them loans to buy…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: Even if labour markets were perfectly competitive, income would be unequally distributed because…

A: In perfectly competitive labour market, the distribution of income is majorly depends on the level…

Q: Education determines the skill of the worker. High-skilled workers _______ compared to low-skilled…

A: The demand and supply of labor are determined in the labor market. Workers supply labor to firms in…

Q: Discuss the validity of the following statement: “Given the clear predictions provided by economic…

A: Empirical Economics publishes high-quality studies that bridge the gap between economic theory and…

Q: Female workers tend to earn a lower wage compared to their male counterparts when performing the…

A: Female workers tend to earn a lower wage compared to their male counterparts when performing the…

Q: Which of the following statements are true about income inequality? Choose all that apply. A. Income…

A: Inequality in terms of income refers to the manner in which a population's income is allocated…

Q: What factors create the link between wages and productivity that is at the heart of efficiency wage…

A: The idea of the efficiency wage theory is that increasing wage can lead to increased labor…