Equity is synonymous with fairness.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Elasticity of demand is calculated using percentage changes in both price and quantity.
Answer the following statement true (T) or false (F)
A key assumption of public choice economics is that government officials are:
A. not rational. B. rational and respond to incentives. C. trying to do only what is best for society. D. not influenced by incentives.
Which of the following is true when an economy produces at full employment, but consumers, government, businesses, and the foreign sector do not buy all the output?
A. Inventories are depleted. B. Unemployment falls. C. The price level rises. D. There is a recessionary gap.
If GDP is $10 trillion, Personal Consumption Expenditure is $6.5 trillion, Gross Private Investment is $2.0 trillion, and Government Consumption and Investment Expenditures together are $2.0 trillion,
A. Indirect Business Taxes are $0.5 trillion. B. Depreciation is $0.5 trillion. C. Net Exports are -$0.5 trillion. D. Net Exports are $0.5 trillion.