What approach to fairness argues in favor of government policies that redistribute income so that there is more equality of income?
What will be an ideal response?
The general approach to fairness that argues in favor of government redistribution is a "fair results approach," that is, an approach that argues "it isn't fair unless the results are fair." In this view, more (perhaps even complete) equality of income is the fairest income distribution. So this view asserts that government policies to redistribute income are necessary for fairness.
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In the financial crisis of 2008, which of the following were not among the consequences of high leverage in the banking industry? a. Less investment was undertaken than would otherwise have been the case
b. Less consumption spending took place than would otherwise have been the case. c. Unemployment was lower than it would otherwise have been. d. Real GDP was lower than it otherwise would have been
This profit-maximizing (loss-minimizing) firm produces a quantity of about _______ units.
A. 100
B. 80
C. 50
D. 30