According to the "Big Tradeoff

question 4

Multiple Choice

According to the "big tradeoff,"

• A)income transfers reduce efficiency.
• B)efficiency requires income transfers.
• C)a more equally shared pie results in a larger pie.
• D)property rights and voluntary exchange insure equality of opportunity.
• E)income transfers should make the poorest person as well off as possible.

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Definitions:

Affirmative

A term indicating agreement or the assertion of a position or truth, often used in debate or logic to denote the positive side of an argument.

Statement Form

The form or structure of a statement or proposition in logic, usually presented in a symbolic language.

Particular

In logic, refers to propositions or statements that affirm or deny something about only some members of a class, as opposed to universality which concerns all members.

Negative

Expressing denial, disagreement, or the absence of certain characteristics or conditions.