If You Have a Friend Who Has Told You That

question 248

Essay

If you have a friend who has told you that he/she is very dissatisfied with his/her boss,________ unfairness.

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Definitions:

Equitable

Characterized by fairness and impartiality; the fair distribution of resources and opportunities.

Efficient

Describes a process that achieves its goals with the least waste of time and effort.

Lump-Sum Tax

A tax that is the same amount for every person.

Deadweight Loss

A cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.