Bill Gates Is the World's Second Richest Person Whose Net

question 37

Multiple Choice

Bill Gates is the world's second richest person whose net worth is estimated at $54 billion. The idea that Bill Gates marginal utility for his 54 billionth dollar is less than someone else's 1000^th dollar is the

• A) "Utilitarian" principle.
• B) "Big Tradeoff" principle.
• C) "Make the Poorest as Well Off as Possible" principle.
• D) "Equity" principle.

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Definitions:

Medicaid

A health care program in the United States that provides medical benefits to low-income individuals and families.

Federal Government

The national government of a federation, which typically has specific powers delegated to it by a constitution, distinct from state or provincial governments.

State Governments

The governing bodies of individual states within a country, responsible for local legislation and governance.

SCHIP

The State Children's Health Insurance Program, which provides health coverage to uninsured children in families with incomes that are modest but too high to qualify for Medicaid.