Equity means that:
A)everyone gets an efficient share of the goods and services produced.
B)everyone gets his or her fair share of the goods and services produced.
C)more of some goods and services can be produced only if the production of others is reduced.
D)more of all goods and services may be produced.

Question

Quizplus · Accepted Answer

Equity refers to fairness in the distribution of goods and services, where everyone receives their "fair share" based on their contributions and needs. It is different from efficiency, which simply means producing the maximum amount of goods and services possible. The other options (C and D) refer to trade-offs in production possibilities and are not directly related to equity.

Equity Means That