If Income Were Distributed According to the Egalitarian Principle of "To

question 183

Multiple Choice

If income were distributed according to the egalitarian principle of "to each exactly the same," then one problem would be that

• A) there would be little or no incentive for individuals to take risky, hazardous, or unpleasant jobs.
• B) individuals would have an excess desire to invest in their own human capital.
• C) too many individuals would want to take risky jobs.
• D) productivity levels would probably become too high.

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Definitions:

Equitable Remedy

A remedy provided by courts in situations where legal remedies (like monetary damages) are inadequate or inappropriate, focusing on fairness.

Concurrent Condition

Conditions in a contract that must be met simultaneously by the involved parties for the agreement to be executed fully and legally.

Accord and Satisfaction

A legal settlement where a debtor offers something of value to a creditor, and the creditor accepts it as full repayment of the debt.

Different Performance

Fulfillment of a contractual obligation in a manner that varies from the originally agreed-upon terms yet still satisfies the contract's essential requirements.