Which of the following provides health-care coverage to people age 65 and over?
A) Medicaid B) Social Security C) Medicare D) Health-Aid
Question 2
The marginal productivity theory of income distribution states that
A) income distribution is determined by the marginal productivity of the factors of production that individuals own.
B) as more and more units of labor are added to a fixed quantity of capital, eventually labor's contribution to a firm's income will decrease.
C) factors of production in short supply command higher prices than those available in abundant quantities.
D) capital owners receive the bulk of a nation's income because capital-intensive production generates productivity gains.
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