Multiple Choice
What does the term 'equity' mean, in economics?
A) Everyone has an equal standard of living.
B) The hardest working individuals consume all they want.
C) Only elected officials have high standards of living.
D) Economic benefits are distributed fairly.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: Suppose that to increase sales of hybrid
Q12: 'Scarcity' refers to a situation in which
Q24: What is a mixed economy?
Q28: Explain the economic idea that "people respond
Q35: Economists assume that rational people do all
Q62: A university must decide if it wants
Q68: What is the extra cost associated with
Q72: In a market economy, what is generated
Q74: A market economy results in:<br>A)environmental protection.<br>B)an equal
Q102: Suppose a doctor can earn an additional