The Opposite of a Top-Down Approach Is Usually Called

question 35

Multiple Choice

The opposite of a top-down approach is usually called

• A) outside-in.
• B) inside-out.
• C) co-creation.
• D) bottom-up.

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Definitions:

Vertical Equity

A principle in taxation stating that taxpayers with a higher ability to pay should contribute more in taxes than those with a lesser ability to pay.

Flow Measure

A quantitative assessment that represents movement of items over time, often used in economics to track variables like income.

Consumption

The consumption of products and services by individuals in a household.

Impossibility Theorem

A proposition demonstrated by Kenneth Arrow showing that no system of aggregating individual preferences into social decisions will always yield consistent, nonarbitrary results.