Economists use the word equality to describe a situation in which
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)society is getting the maximum benefits from its scarce resources.
D)society's resources are used efficiently.

Question

Quizplus · Accepted Answer

Equality in economics refers to a situation where each member of society has the same income or wealth, ensuring an equal distribution of economic resources.

Economists Use the Word Equality to Describe a Situation in Which