_____ Refers to the Concept That Different Treatment of People

question 157

Multiple Choice

_____ refers to the concept that different treatment of people should not be based on arbitrary characteristics.

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

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Definitions:

Leisure

The time spent away from work and compulsory activities to rest, relax, or engage in freely chosen activities and hobbies.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate, reflecting their participation in the labor force.

Consumer Preferences

These are the subjective likes, dislikes, desires, and needs that motivate buying decisions and are influenced by various sociocultural and economic factors.

Marginal Rate of Substitution

The rate at which a consumer can substitute one good for another while maintaining the same level of utility.