Reference: Ref 20-1 (Table: Maximin Principle) Refer to the Table

question 119

Multiple Choice

Reference: Ref 20-1 (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:

Economic Sense

The rationale or logic derived from economic principles or considerations, often related to making decisions based on cost-benefit analyses.

Tickets

Documents or electronic codes that grant the holder the right to enter an event, travel on a vehicle, or participate in an activity.

Economic Profits

Profits exceeding the opportunity costs of all resources used in production, including the cost of capital.

Marginal Analysis

The examination of the benefits and costs of choosing one more or one less unit of a good or service.