The Fair Rules Approach to Fairness Requires

question 142

Multiple Choice

The fair rules approach to fairness requires

• A) consumer surplus equals producer surplus.
• B) income transfers from rich to poor.
• C) property rights and voluntary exchange.
• D) that marginal cost equal marginal benefit.
• E) consumer surplus exceed producer surplus because there are more consumers than producers.

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Definitions:

Normal Heating

The regular process of increasing temperature in an environment or system without external intervention.

Recrystalization

Recrystallization is a metamorphic process where crystals of minerals grow larger while the overall chemical makeup of the rock remains the same, usually as a result of heat and/or pressure.

Remobilization

The process by which sedimentary deposits are eroded and transported to be deposited again in a new location.

Pressure Solution

A diagenetic process where mineral grains partially dissolve under high stress, typically in wet conditions, allowing deformation.