The Idea of Fairness That Has Been Developed to Deal

question 96

Multiple Choice

The idea of fairness that has been developed to deal with the big tradeoff is the idea that

• A)fair distribution of the economic pie is the one that costs the richest person the least amount of money.
• B)fair distribution of the economic pie is the one that makes everyone equal.
• C)we should treat other people as we would like to be treated.
• D)fair distribution of the economic pie is the one that makes the poorest person as well off as possible.
• E)we need to make a bigger economic pie.

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Definitions:

Direct Tax

A tax levied directly on an individual or an organization's income or wealth, such as income tax or property tax.

Local Property Taxes

Taxes imposed by local governments based on the assessed value of property, primarily real estate, used to fund local services such as schools, roads, and police.

Industrial Countries

Nations with developed economies characterized by significant industrial activity and high income per capita.

Public Goods

Goods that are non-excludable and non-rivalrous in consumption, meaning they are available for everyone to consume, without diminishing the availability for others.