In Order to Have an Efficient Distribution of Final Products

question 123

Multiple Choice

In order to have an efficient distribution of final products to households,

• A) free and open markets are essential.
• B) households must maximize their income.
• C) the equity criterion must be satisfied.
• D) there can be no unemployment.

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Definitions:

Culture

The social behavior, norms, knowledge, and artifacts of a group of people, passed through generations.

Nature of Agreements

The fundamental characteristics and underlying principles of contracts or understandings between parties.

Cultures

The traditions, artistic expressions, societal structures, and accomplishments belonging to a specific country, ethnic group, or community.

Vary

To differ in size, amount, degree, or nature from something else in the same general category.