Philosopher John Rawls's theory of justice presents an argument in favor of income equality that relies on the
a. belief that, objectively, people would rather trade the uncertainties of fortune for the certainty of moderate income
b. belief that human beings are perfectible, and it is the unequal distribution of property that creates unequal distribution of incomes
c. argument that in a world of identical individuals, equality of incomes achieves the greatest welfare number of people
d. argument that income equality breeds the most efficient use of economy's resources
e. idea that private property originates from theft
A
You might also like to view...
A decrease in demand will cause a(n)
a. increase in supply b. decrease in supply c. increase in quantity supplied d. increase in equilibrium price e. decrease in equilibrium price
If some firms internalize their external costs by being a cleaner and more "environmentally friendly" producers than other firms that do not, then which of the following offers the best and most complete description of this situation?
a. The environmentally friendly firm will be operating at a higher marginal and average cost than those firms that shift some costs to society in the form of external costs. b. In a long-run competitive equilibrium in which consumers do not distinguish between environmentally friendly and standard producers, the environmentally producers will receive negative economic profits and be forced to change or exit. c. Without regulations requiring firms to internalize their external costs, producers can only afford to be environmentally friendly if consumers reward them with a price premium. d. None of the above is correct.