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.

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Definitions:

Credit Terms

The conditions under which a seller will extend credit to a buyer, including the repayment time frame and any interest charged.

Merchandise

Goods bought and sold in the normal course of business, typically referring to products available for resale to customers.

Damaged

Refers to goods or items that are impaired, reduced in value, or made less useful due to wear, tear, or harm.

Sales Revenue

The total amount of income generated from the sale of goods or services related to a company's primary operations.