The reason people in Professor Rawls' thought experiment would choose an equal distribution of income is that:
A. people are risk-neutral.
B. it is the easiest distribution to implement.
C. they are concerned about the welfare of others.
D. they fear ending up in a disadvantaged position themselves.
Answer: D
Economics
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Unanticipated inflation penalizes: a. those who are saving
b. those who are borrowing. c. governments. d. those who are in high-growth industries where wages are growing faster than prices. e. those who can't find jobs at any wage rate.
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