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:

Thrombin

An enzyme in blood plasma that causes the clotting of blood by converting fibrinogen to fibrin.

Plasma

The liquid component of blood, in which blood cells are suspended, containing proteins, electrolytes, and nutrients.

Serum

The clear, yellowish fluid that remains from blood plasma after clotting factors have been removed, used in diagnostic tests and treatments.

Lymphedema

Swelling typically in one of the arms or legs due to a blockage in the lymphatic system, preventing lymph fluid from draining well.