Which Principle Holds That Social and Economic Inequities Must Be

question 49

Multiple Choice

Which principle holds that social and economic inequities must be addressed to achieve a more equitable distribution of goods and services?

• A) Liberty
• B) Difference
• C) Distributive-justice
• D) Fairness

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Definitions:

Tax Rate

The specified rate at which a person’s or company’s income is taxed.

Variable Cost

Costs that are directly correlated with the amount of product produced.

Variable Cost Per Unit

Costs that change directly and proportionally with the level of production or sales volume.

Earnings Before Interest And Taxes

A measure of a firm's profitability that excludes interest and income tax expenses.