Which of the Following Statements Is (Are) TRUE

question 42

Multiple Choice

Which of the following statements is (are) TRUE?
I. The Rawlsian social welfare function computes society's welfare by calculating the difference in utility between the top 10% and bottom 10% of income earners.
II. Economists strictly use the Rawlsian social welfare function to evaluate market performance.
III. The Rawlsian utility function only considers the utility of the least well-off person.

• A) II and III
• B) I, II, and III
• C) II
• D) III

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Definitions:

Empathy

The ability to understand and share the feelings of another person, which is crucial in building rapport and trust in sales and customer service.

Human Skills

The seller’s ability to work with and through other people.

Deadly Sins

Traditionally, a classification of the most serious vices in Christian teachings, which are believed to sever the connection with God.

Over Planning

The practice of spending too much time or effort on planning, which can sometimes lead to diminished efficiency or missed opportunities.