The Symmetry Principle Is the Requirement That

question 24

Multiple Choice

The symmetry principle is the requirement that

• A) people in similar situations be treated similarly.
• B) the poorest 20 per cent of households should receive the same total income as the richest 10 per cent of households.
• C) society's income be distributed symmetrically among its members.
• D) the average person be made as well off as possible.

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Definitions:

Passive Investment

An investment strategy involving minimal buying and selling actions, typically focused on long-term investment in index funds and ETFs.

Target Date Fund

A mutual fund designed to adjust its asset allocation towards more conservative investments as it approaches a specific target date.

Variable Annuity

An insurance product that provides a retirement income and whose value fluctuates with the performance of the investment options chosen by the holder.

Life Expectancy

The average period that an individual is expected to live, based on demographic factors such as current age and health conditions.