Which of the distributive standards does NOT involve a value judgment?
A) productivity standard
B) egalitarian standard
C) merit standard
D) All of the standards involve value judgments.
D
Economics
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Principal-agent problems do NOT arise between:
A. stockholders and managers. B. managers and workers. C. workers and consumers. D. stockholders and workers.
Economics
The perfectly competitive firm cannot influence the market price because
A. its production is too small to affect the market. B. its costs are too high. C. it has market power. D. a few buyers have control over the market price.
Economics