Which of the Following Is Most Closely Related to the "Fair

question 153

Multiple Choice

Which of the following is most closely related to the "fair results" approach to fairness?

• A) efficient resource use
• B) having an equal income distribution
• C) voluntary exchange
• D) the command system of allocating resources
• E) price hikes in a natural disaster

---

Definitions:

Effective

Producing a decided, decisive, or desired effect, often used to describe rules, policies, or products that achieve their goals.

Lefkowitz V. Great Minneapolis

A landmark case in contract law where it was ruled that an advertisement giving specific details to the public constitutes a binding offer which when accepted completes a contract.

Advertisement

Public communication that promotes the features, advantages, and qualities of a product, service, or brand.

Offer

A key factor in the agreement element of a contract; consists of the terms and conditions set by one party, the offeror, and presented to another party, the offeree.