Utilitarianism Is Based on the Argument That

question 86

Multiple Choice

Utilitarianism is based on the argument that

• A) the greater a person's income, the smaller is the marginal benefit of a dollar.
• B) by transferring a dollar from a millionaire to a poor person, more is lost than gained.
• C) taxing people's income from employment makes them work less.
• D) a dollar taken from a rich person does not end up as a dollar in the hands of a poorer person.

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Definitions:

Joseph Stiglitz

An American economist and a professor at Columbia University, renowned for his work on income distribution, asset risk management, and globalization.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, leading to increased connectivity and interdependence.

Nobel Prize-winning Economist

An economist who has been awarded the Nobel Prize in Economic Sciences, an honor recognizing outstanding contributions to the field of economics.

Micro-multinational Corporation

A small-sized company that operates and sells its products or services in multiple countries.