An unequal distribution of income is considered fair according to Robert Nozick if
A) marginal cost equals marginal benefit.
B) the cost of administering a welfare system is minimized.
C) property rights are enforced and voluntary exchange occurs.
D) the economy is producing its maximum total output.
E) resources are allocated using the command method.
Correct Answer:
Verified
Q250: Which of the following is most closely
Q251: Q252: When production moves from the efficient quantity Q253: Economists conclude that the only way to Q254: The idea of the "big tradeoff" points Q256: When economists use the term "big tradeoff" Q257: Assume the Nozick rules are being followed
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