Robert Nozick's Entitlement Theory States That the Distribution of Income

question 96

Multiple Choice

Robert Nozick's entitlement theory states that the distribution of income in a society is just if:

• A) the distribution is equal across all individuals.
• B) the overall welfare of the most underprivileged group is maximized.
• C) the basic subsistence needs of all the poor have been met.
• D) property was justly acquired and voluntarily exchanged.

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Definitions:

Indirect Exporting

A method of exporting goods through intermediaries, rather than directly to the foreign market.

Foreign Markets

Markets outside a company's home country where it conducts business activities, often involving different cultures, regulations, and economic environments.

NAFTA

The North American Free Trade Agreement, a treaty between the United States, Canada, and Mexico designed to eliminate most tariffs on trade between them, promoting economic growth.

U.S. Trade

The exchange of goods and services between the United States and other countries, including imports and exports.