The idea that society should maximize the welfare of the least well-off individual is called
A) utility maximization.
B) maximin principle.
C) ratio of household income to poverty.
D) equimarginal principle.
Correct Answer:
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Q135: Incomes may be skewed in favor of
Q136: John Rawls proposed that
A) a high level
Q137: Robert Nozick agreed with all of these
Q138: Robert Nozick's views
A) are similar to those
Q139: A critic of John Rawls would say
Q141: According to John Rawls
A) the state should
Q142: According to Robert Nozick
A) society should maximize
Q143: For most developing nations
A) income redistribution can
Q144: The "maximin principle" as proposed by John
Q145: Regarding economic policy, there is a fundamental
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