Economists Use the Word Equality to Describe a Situation in Which

question 43

Multiple Choice

Economists use the word equality to describe a situation in which

• A)each member of society has the same income.
• B)each member of society has access to abundant quantities of goods and services,regardless of his or her income.
• C)society is getting the maximum benefits from its scarce resources.
• D)society's resources are used efficiently.

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Definitions:

Non-Conformist

An individual who does not adhere to conventional or societal standards, norms, or expectations.

Imaginative

The ability to think creatively and form mental images or concepts that are not immediately present or have never been directly experienced.

Psychodynamic Theories

Theories in psychology that posit human behavior is influenced by unconscious drives and conflicts stemming from childhood experiences.

Unconscious Mental Forces

Mental processes that are not within an individual's conscious awareness but influence judgments, feelings, or behavior, often explored in psychoanalytic theory.