Economists use the word equity to describe a situation in which Select one: a.each member of society has the same income. b.each member of society has access to abundant quantities of goods and services, regardless of his or her income. c.the benefits of society's resources are distributed fairly among society's members. d.society is getting the maximum benefits from its scarce resources.

Brief Principles of Macroeconomics (MindTap Course List)
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ISBN:9781337091985
Author:N. Gregory Mankiw
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Chapter1: Ten Principles Of Economics
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Economists use the word equity to describe a situation in which
Select one:
a.each member of society has the same income.
b.each member of society has access to abundant quantities of goods and services, regardless of his or her income.
c.the benefits of society's resources are distributed fairly among society's members.
d.society is getting the maximum benefits from its scarce resources.
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