Which of the Following Is NOT Correct Regarding the Theories

question 151

Multiple Choice

Which of the following is NOT correct regarding the theories of income distribution?

• A) Dealing with how income ought to be distributed is a normative issue.
• B) The productivity standard for the distribution of income is stated "to each according to what they produce."
• C) The egalitarian principle of income distribution is "to each exactly the same."
• D) Dealing with how income should be distributed is a positive economic issue.

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Definitions:

Risk of Loss

A legal term that determines who bears the cost of damage to goods during a transaction or transportation before the purchaser receives them.

Common Law

A legal system based on judicial decisions of courts and similar tribunals, rather than statutes or written laws, that serves as precedent for future cases.

Contract of Sale

A legal agreement between a seller and buyer where the seller agrees to deliver a product or property in exchange for a certain price from the buyer.

Sale

A transaction between two parties where goods, services, or assets are exchanged for money or other considerations.