ECONOMICS
DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Equity
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Equality
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Either A or B
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None of the above
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Detailed explanation-1: -"Equality is giving everyone the same pair of shoes.Equity is giving everyone a pair of shoes that fits.”-Author unknown.
Detailed explanation-2: -A flat income tax of 20% would be equal but not equitable because those with higher incomes presumably have a higher ability to pay. So a progressive tax system is considered more equitable. An example of equality but no equity in the tax system is sales taxes.
Detailed explanation-3: -#1. Racial equality. #2. Gender equality. #3. LGBTQ+ equality. #4. Marriage equality. #5. Equality for disabled people. #6. Income equality. #7. Equal employment access. #8. Religious equality. More items
Detailed explanation-4: -Wage Inequality. CEO pay. Homelessness. Education Wage Premium. Gender Pay Gaps. Occupational Sex Segregation. Racial Gaps in Education. Racial Discrimination. More items