Economists conclude that the only way to measure fairness is
A) to insure that the rules are fair.
B) to insure that the result is fair.
C) to insure that both the rules and the result are fair.
D) to compare the allocatively efficient quantity to the equilibrium quantity.
E) None of the above answers is correct.

Question

Quizplus · Accepted Answer

Economists often argue that fairness is a subjective concept and can vary greatly depending on individual values and societal norms. Therefore, there is no single way to measure fairness that is universally accepted, making "None of the above answers is correct" the most accurate choice.

Economists Conclude That the Only Way to Measure Fairness Is