The Notion That Resources Should Be Distributed Equally Amongst the Members

question 71

Multiple Choice

The notion that resources should be distributed equally amongst the members of a group or community is known as:

• A)Equality justice.
• B)Utilitarian justice.
• C)Egalitarian justice.
• D)Retributive justice.

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Definitions:

Progressive

Relating to progressive policies or movements that advocate for change, reform, and innovation, often in the social, political, or economic sphere.

Elastic Demand

refers to a situation where the quantity demanded of a good or service is highly responsive to changes in its price.

Excess Burden

The economic loss to society due to market inefficiencies, often associated with taxes or other government policies that distort market behavior beyond the revenue raised or spending undertaken.

Net Worth

The difference between the total assets and total liabilities of an individual, company, or entity.