Maximizing the Minimum Refers to

question 2

Multiple Choice

Maximizing the minimum refers to

• A)reducing the well-being of all parties until they are the same as the least well-off
• B)maximizing the well-being of society as a whole without regard to how it affects specific individuals
• C)emphasizing efficiency over equity
• D)increasing the well-being of the least well-off person as much as is possible.

---

Definitions:

Negative Income Tax

A social support system where individuals with earnings below a specified threshold receive additional income from the government rather than contributing tax.

Earned Income Tax Credit

A refundable tax credit aimed at low- to moderate-income working individuals and families, particularly those with children, to reduce poverty and encourage work.

Working Poor

Individuals who have employment but their income levels are below the poverty threshold, making it difficult to meet basic needs.

Minimum Income

The lowest level of income deemed adequate for living at a basic standard.