Procedural Justice Focuses on Equity in Decision-Making Processes That Decide

question 1

True/False

Procedural justice focuses on equity in decision-making processes that decide the distribution of costs and benefits.

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Definitions:

Prices

The monetary value assigned to goods and services, determining the terms of exchange in a market.

Bundles

Combinations of goods and services offered together as a single package, often at a discounted price.

Weak Axiom

A principle in consumer theory that if a consumer prefers bundle A over bundle B when both are affordable, they will not choose B over A when income or prices change, holding everything else constant.

Strong Axiom

Often refers to the strong axiom of revealed preference in economics, a principle used to infer a consumer's complete preference ordering over goods.