Outcome-oriented notions of equity:

A. focus on the procedures used to arrive at an allocation of resources rather than on the allocation itself.

B. focus on whether the process used to allocate resources yields fair results.

C. include process-oriented notions of equity.

D. focus on what people could choose rather than what they actually choose.

A. focus on the procedures used to arrive at an allocation of resources rather than on the allocation itself.

Economics

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In 1999, around 24 percent of college students attended private schools

a. True b. False

Economics

The removal of a price ceiling in a market results in:

a. an increase in the market price. b. a shortage in the market. c. over-production of the commodity and a surplus. d. a fall in the market price. e. abnormal profits for producers.

Economics