Use the Following to Answer Questions: Table: Maximin Principle -(Table: Maximin Principle) Refer to the Table

question 173

Multiple Choice

Use the following to answer questions: Table: Maximin Principle $$\begin{array} { c c r c c } \hline \text { Society } & \text { Ruth } & \text { Bob } & \text { George } & \text { Average Income } \\\hline \text { A } & 30 & 40 & 17 & 29 \\\text { B } & 200 & 100 & 15 & 105 \\\text { C } & 600 & 600 & 15 & 405 \\\text { D } & 25 & 20 & 18 & 21 \\\hline\end{array}$$
-(Table: Maximin Principle) Refer to the table. If income is shown in thousands of dollars, according to Rawls's maximin principle, Society ________ is preferred to Society ________.

• A) A; D
• B) B; C
• C) C; A
• D) D; B

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Definitions:

Merchandise Trade Balance

The difference between a country's exports and imports of tangible goods.

Services Trade Balance

The difference between exports and imports of services of a country, reflecting whether a country is a net provider or consumer of services internationally.

Adam Smith

An 18th-century economist known as the father of modern economics, famous for his theories on free markets and the 'invisible hand'.

International Trade

The exchange of goods and services across international boundaries.