Which of the following results in differences in labor resource ownership?
A) Preferences for work and leisure
B) Propensities to accumulate
C) Skill levels
D) Both (a) and (c)
E) All of the above

Question

Which of the following results in differences in labor resource ownership? 
A) Preferences for work and leisure
B) Propensities to accumulate
C) Skill levels
D) Both (a) and (c)
E) All of the above

Quizplus · Accepted Answer

Preferences for work and leisure and skill levels can both contribute to differences in labor resource ownership. Some individuals may have a greater natural inclination towards working or may value leisure time more highly than others, leading to differences in the amount of labor resources they possess. Additionally, differences in skill level can result in variations in earning potential and therefore ownership of labor resources. Propensities to accumulate may also play a role, but this is not as directly linked to the ownership of labor resources as preferences and skills.

Which of the Following Results in Differences in Labor Resource