In Considering How to Allocate Its Scarce Resources Among Its

question 23

Multiple Choice

In considering how to allocate its scarce resources among its various members,a household considers

• A)each member's abilities.
• B)each member's efforts.
• C)each member's desires.
• D)All of the above are correct.

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Definitions:

Adequate Remedy

Refers to a form of legal relief or compensation that sufficiently addresses a harm or wrong done to a party.

International Court

A judicial body established by states to adjudicate legal disputes among nations, such as the International Court of Justice.

Equitable Maxim

A principle or proposition of law applied in the administration of equity based on fairness, moral righteousness, and justice, rather than strict rules of law.

Equity

A branch of law that deals with remedies other than monetary compensation, focusing on fairness and justice.