In Which of the Following Situations Would Economists Use the Word

question 89

Multiple Choice

In which of the following situations would economists use the word equity?

• A)Each member of society has the same income.
• B)Society is getting the most it can from its scarce resources.
• C)Those in society who have the least will receive the most.
• D)The benefits of society's resources are distributed fairly among society's members.

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Definitions:

Occur

To happen or take place.

52-Card Deck

A standard deck of playing cards comprising four suits (hearts, diamonds, clubs, spades), each with 13 ranks (from two to ten, and the face cards jack, queen, king, and ace).

Chances

Chances refer to the possibility or probability of something happening, often expressed in terms of likelihood or risk.

Not Be

Expresses negation, absence, or the non-existence of something or someone.