__________ Argues That Individuals Should Be Compensated for the Cost

question 108

Multiple Choice

__________ argues that individuals should be compensated for the cost of their injuries by the party responsible, and individuals should not be held responsible for matters over which they have no control.

• A) Distributive justice
• B) Utilitarianism
• C) Procedural justice
• D) Organizational justice
• E) Compensatory justice

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Definitions:

Coke

A fuel with a high carbon content and few impurities, made by heating coal in the absence of air, used mainly in steel manufacturing.

Income Effect

The alteration in the income of either a person or an economy and the impact this change has on the demand for a specific product or service.

Inferior Good

A type of good for which demand decreases as the income of the consumer increases, opposite to normal goods.

Substitution Effect

The change in consumption patterns due to a change in the price of goods, leading consumers to substitute one good for another.