Because There Is a Trade-Off Between Total Output and Equality

question 3

Multiple Choice

Because there is a trade-off between total output and equality of income distribution,

• A)greater equality of distribution will generally result in higher levels of output.
• B)greater output is generally associated with more equal distribution.
• C)policies designed to increase output will only succeed if distribution is more equal.
• D)policies intended to expand output must necessarily fail.
• E)policies designed to equalize distribution may adversely affect the size of output.

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Definitions:

Customer Needs

The recognized necessities or desires that consumers look to fulfill through purchasing products or services.

Six Sigma

A set of techniques and tools for process improvement, aiming at reducing defects and variability in manufacturing and business processes.

Dissatisfied Customers

Individuals who are unhappy or frustrated with the goods or services received from a business.

Customer Service

The support and assistance provided by a company to the people who buy or use its products or services.