The Idea That Unequal Incomes Is Unfair Generally Uses the ________

question 123

Multiple Choice

The idea that unequal incomes is unfair generally uses the ________ principle of fairness.

• A) big tradeoff
• B) involuntary exchange
• C) voluntary exchange
• D) it's not fair if the result isn't fair
• E) it's not fair if the rules aren't fair

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Definitions:

Mortgage Markets

The financial markets where mortgages are originated, bought, and sold, including both primary and secondary markets.

Fannie Mae

A government-sponsored enterprise established to expand the flow of mortgage money by creating a secondary market for mortgage loans.

Money Market Instrument

Short-term financial instruments that are highly liquid and considered safe, such as treasury bills and certificates of deposit.

Preferred Stock

A class of ownership in a corporation with a fixed dividend, senior to common stock but junior to bonds in claim on assets and earnings.