The "fair rules" view of fairness is based on
A) income transfers from the rich to the poor.
B) property rights and voluntary exchange.
C) utilitarianism.
D) the big tradeoff.
E) allocating resources using majority rule.
B
Economics
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Provide an example of each allocation method that illustrates when it works well
What will be an ideal response?
Economics
Based on the graph showing the Phillips curve, if a point C were added and it had a lower RGDP than point A, it should also have ______.
a. a lower inflation rate than point A b. the same inflation rate as point A c. a higher unemployment rate than point A d. the same unemployment rate as point A
Economics