Which of the following is most closely related to the 'fair results' approach to fairness?
A) Price hikes in a natural disaster
B) Voluntary exchange
C) Having an equal income distribution
D) Efficient resource use
E) The command system of allocating resources
Correct Answer:
Verified
Q120: Which of the following can result in
Q121: The idea that unequal incomes are unfair
Q122: Which of the following is part of
Q123: If the government takes over the distribution
Q124: The 'equality of opportunity' idea of fairness
Q125: As pointed out by the 'big tradeoff',
Q127: When economists use the term 'big tradeoff'
Q128: Assume the Nozick rules are being followed
Q129: The 'big tradeoff' refers to
A) efficiency and
Q130: Why does redistribution, so that the distribution
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