Utilitarianism:
A) was favored by John Nash.
B) was favored by John Rawls.
C) is an outcome-oriented notion of equity.
D) is a process-oriented notion of equity.
Correct Answer:
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Q29: According to the principle of utilitarianism:
A) society
Q30: Utilitarianism:
A) is both process- and outcome-oriented.
B) is
Q31: An endowment:
A) is the bundle of goods
Q32: The exchange efficiency condition holds:
A) if every
Q33: According to the principle of egalitarianism:
A) society
Q35: A point inside the utility possibility frontier
Q36: The first welfare theorem:
A) tells us that,
Q37: Suppose milk and cereal are compliments and
Q38: A point on the utility possibility frontier
Q39: According to the principle of Rawlsianism:
A) society
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