The Issue of Fairness Versus Efficiency Arises

question 147

Multiple Choice

The issue of fairness versus efficiency arises

• A)only in a command economy.
• B)only in a market economy.
• C)in neither a command nor a market economy.
• D)in both a command and a market economy.

---

Definitions:

Artistic Work

Creations by artists, such as paintings, sculptures, music, and literature, often protected by copyright laws.

Bribery of confidence

The act of offering, giving, receiving, or soliciting something of value to influence the actions of an individual holding a position of trust.

Non-Disclosure Clauses

Provisions in a contract that prohibit the sharing of confidential information with unauthorized parties.

Fiduciary Duty

A duty to act in the best interests of another; such duty may arise between directors and officers and the corporation they serve, between business associates including senior employees and their employer, between agents and their principals, and between partners, also called utmost good faith.