Economists Conclude That the Only Way to Measure Fairness Is

question 312

Multiple Choice

Economists conclude that the only way to measure fairness is

• A) to insure that the rules are fair.
• B) to insure that the result is fair.
• C) to insure that both the rules and the result are fair.
• D) to compare the allocatively efficient quantity to the equilibrium quantity.
• E) None of the above answers is correct.

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Definitions:

Articles of Incorporation

Legal document filed with a state government to establish the existence of a new corporation.

Stock Dividend

A distribution of additional shares to the existing shareholders of a company, proportionate to their current shareholding.

Ratification

Ratification is the act of officially approving or confirming a decision or agreement, often used in the context of treaties, contracts, or other legal documents.

Authorized Act

An action taken by an individual or entity that has been given official permission or power to do so, typically within a legal or organizational context.