At a given point in time, the Rawlsian welfare function gives equal weight to each individual's utility
Indicate whether the statement is true or false
False. The Rawlsian welfare function gives a weight of 1 to the utility of the worst-off person and a weight of zero to the utilities of all others.
You might also like to view...
Which of the following is the first step when economists analyze how individuals make choices?
a. Considering what choices are possible for individuals b. Thinking about which choices individuals actually make c. Considering what choices individuals might prefer d. Considering which choices might provide maximum utility
Which of the following statements about human-brain activity is true?
A. Unconscious intuition uses the newer parts of the brain in the front part of the head B. Conscious deliberation uses the older parts of the brain in the front part of the head C. Conscious deliberation uses the newer parts of the brain in the front part of the head D. Unconscious intuition uses the older parts of the brain in the front part of the head