Need establishes eligiblility for Social Security benefits

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.

When economic agents transfer resources through time, it is referred to as:

A) clockwise transformations. B) time-wise transformations. C) chronological transformations. D) intertemporal transformations.