One criterion used to judge the performance of any economic system is

A) equity.
B) revenue generation.
C) nominal growth.
D) inflation.

Question

One criterion used to judge the performance of any economic system isA)  equity.B)  revenue generation.C)  nominal growth.D)  inflation.

Shiyi Jiang · Accepted Answer

Final Answer : A, Explanation :  Equity is a criterion used to judge the performance of an economic system because it refers to the fairness with which income and opportunity are distributed among a society's members.

One criterion used to judge the performance of any economic system is

A) equity.
B) revenue generation.
C) nominal growth.
D) inflation.

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Learning Objectives

Learning Objectives

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