The Utilitarian Case for Redistributing Income Is Based on the Assumption

question 432

Multiple Choice

The utilitarian case for redistributing income is based on the assumption of

• A)collective consensus.
• B)a notion of fairness engendered by equality.
• C)diminishing marginal utility.
• D)rising marginal utility.

Understand the role of taxes in addressing externalities and funding public services.

Identify the sources of government revenue and the biggest expenditure programs.

Understand the principles of tax efficiency and factors that contribute to efficient tax systems.

Comprehend how taxes affect consumer surplus and the generation of deadweight loss.