In Equity Theory Terms, an Unequal Input/outcome Ratio Is an Obvious

question 238

True/False

In equity theory terms, an unequal input/outcome ratio is an obvious example of procedural unfairness.

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Definitions:

Sherman Antitrust Act

A landmark federal statute in the United States passed in 1890 aimed at preserving competitive markets by prohibiting monopolies and restraint of trade.

Federal Legislation

Laws enacted by the national government that apply to the entire country.

Federal Trade Commission Act

A United States federal law established in 1914 to prevent unfair competition and deceptive practices in the marketplace, creating the Federal Trade Commission.

Robinson-Patman Act

A United States federal law enacted in 1936 to prohibit anticompetitive practices by producers, specifically price discrimination.