Equity refers to the fair distribution of society's resources among its members. Therefore, choice B is the correct answer. Choice A refers to income equality which is not the same as equity. Choice C refers to the distribution of goods and services based on need, which is a different concept. Choice D refers to the concept of efficiency, which is not related to equity.

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Equity Means That

Question 52

Multiple Choice

Equity means that:

A) all members of society have the same income
B) the benefits of society's resources are distributed fairly among society's members
C) society's goods and services are distributed according to need
D) society is getting the most it can from its scarce resources

Correct Answer: