Outcomes Are Fair According to the

question 156

Multiple Choice

Outcomes are fair according to the

• A) rules view if private property rights are established and trade is voluntary.
• B) results view if private property rights are established and trade is voluntary.
• C) rules view if there is not too much inequality.
• D) results view if there is not a big tradeoff.
• E) results view if there is equality of opportunity.

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Definitions:

Qualitative Data

Data that is descriptive and conceptual, often categorized based on qualities and characteristics that are not numerical.

Chi-squared Test

An analytical test designed to evaluate whether there's a significant discrepancy between frequencies observed and those anticipated in various categories.

Contingency Table

A table used in statistics to display the frequency distribution of variables, showing the observed number of cases in each category.

Nominal Data

Data categorized without a natural order or ranking among the categories, such as gender or race.