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Much of traditional economics employs the underlying assumption that agents {buyers and sellers]I have equal access to resources and thus equal opportunities in terms of

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Much of traditional economics employs the underlying assumption that agents {buyers and sellers]I have equal access to resources and thus equal opportunities in terms of decision making. We learned that a person's economic opportunities are directly related to their endowments. Endowments are: 0 a. determined purely by the activities of the individual, i.e. educational pedormance O b. determined purely by parents and other outside influences O c. characteristics, attributes or possessions that affect one's ability to generate income 0 d. government transfers such as medicaid or medicare An explanation for within countryr inequality.r is Select one: Cl a. changing distribution of jobs that results in declining growth of middle income professions O to. accidents of birth 0 c. endowments passed from one generation to the next 0 d. allot the above

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