The egalitarian principle refers to
A) "To each according to her need."
B) "To each exactly the same."
C) "To each according to her productivity."
D) "To each according to his ability."
B
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Which of the following productive resources is considered ‘fundamentally different’ from other resources with respect to supply and diminishing returns?
A. labor. B. land. C. physical capital. D. technology.
Other things being equal, the less elastic demand is: a. the lower the deadweight loss is resulting from the imposition of a given tax on a product. b. the greater the burden is of the tax borne by consumers
c. the greater the tax revenue collected by the government is. d. all of the above
An essential piece of the liquidity preference theory is the demand for money
a. True b. False Indicate whether the statement is true or false
Which of the following statements regarding the Federal Open Market Committee is correct?
a. Only the five voting regional Fed presidents attend the meetings. b. All regional Fed presidents attend and vote at the meetings. c. All regional Fed presidents attend the meetings, but only five get to vote. d. Regional Fed presidents may neither attend nor vote the meetings.