Utilitarianism suggests that the government should choose policies that maximize the total utility of everyone in society by ?

Income Inequality 18/01/2021

A. redistributing income from rich to poor because this is what the members of society would choose to do if they were behind a veil of ignorance
B. redistributing income from rich to poor because due to the diminishing marginal utility of income, taking a pound from the rich reduces their utility by less than the gain in utility generated by giving a pound to the poor
C. allowing each individual to maximize their own utility without interference from the government
redistributing income from rich to poor because this would maximize the well-being of the worst-off person in society

Related Mcqs:

    Differences in wages that result from differences in working conditions are known as ?
    A. occupational differentials B. search differentials C. job differentials. D. compensating differentials...
    In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?
    A. total labour cost B. the marginal product C. the price of the product D. the wage rate...
    Mariam earns more than Seamus and she came by her income fairly and honestly which of the following political philosophies would argue against the redistribution of income from Mariam to Seamus ?
    A. all of these answers B. libertarianism C. utilitarianism D. none of these answers...
    Rank utilitarianism liberalism, and libertarianism in sequence from the political philosophy that would redistribute income the greatest to the one that would redistribute income the least?
    A. utilitarianism, liberalism, libertarianism B. All three political philosophies argue for similar degree of income redistribution C. liberalism, libertarianism, utilitarianism D. libertarianism liberalism, utilarianism E. libertariansim, utilitarianism, libertarianism...
    A progressive income tax means that those with a higher income pay ?
    A. a higher percentage of their income in taxes then low income people B. a lower percentage of their income in taxes than low income people C. the same percentage of their income in taxes as low income people all the taxes in the economy. D. all the taxes in the economy...

Leave a Reply

Your email address will not be published. Required fields are marked *