In a Theory of Justice, John Rawls Argues That by Imagining

question 2

Multiple Choice

In A Theory of Justice, John Rawls argues that by imagining internal arrangements through the "veil of ignorance," we conclude that:

• A) Society should allow only those inequalities that will preserve or further the common good of society.
• B) Members of society should perpetuate their own personal economic well-being, even if others do not share in it.
• C) Most people would take a chance on being stuck in the lower reaches of a relatively in-egalitarian society.
• D) If we do not want to live in inner-city areas without adequate health care and other amenities, we should pick up and move elsewhere.

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Definitions:

Macroeconomy

The study of the performance, structure, and behavior of an economy as a whole, including total national income, GDP, and inflation rates.

Market System

A financial structure in which the choices about investment, production, and allocation are directed by the pricing cues generated by supply and demand dynamics.

Entrepreneurs

Individuals who innovate, create, and manage new businesses, taking on financial risks in the hope of profit.

Prudent Risk Management

The process of identifying, assessing, and prioritizing risks followed by coordinated application of resources to minimize, monitor, and control the probability or impact of unforeseen events.