Current anti-poverty programs discourage work because ? A. benefits are reduced at such a high rate when recipients earn more income that there is little or no incentive to work once one is receiving benefits. B. in order to be…
Rawls’s miximin criterion does not mean that there should be redistribution so as to equalise everyone’s incomes in society because ? A. Such redistribution would mean that those who worked hard were no better off than those who were lazy…
Utilitarianism suggests that the government should choose policies that maximize the total utility of everyone in society by ? A. redistributing income from rich to poor because this is what the members of society would choose to do if they…
The maximin criterion suggested by Rawls’s theory of justice means that the government should aim to ? A. Maximize the total utility of societyB. Maximize the well-being of the worst-off person in society C. minimize the difference between the rich…
If people can borrow and lend to perfectly smooth out their lifetime living standards, then ? A. transitory income is a good measure of the distribution of living standards B. none of these answersC. permanent income is a good measure…
A period of unemployment due to recession will ? A. increase a worker’s current income and permanent incomeB. reduce a worker’s current income but not necessarily their permanent income C. affect neither the current nor the permanent income of a…
Because in-kind transfers are not accounted for in standard measures of income distribution the standard measures of income distribution ? A. accurately represent the true inequality of living standards B. understate the inequality of living standardsC. exaggerate the inequality of…