What Is the Maximin Principle

question 102

Multiple Choice

What is the maximin principle?

• A)that government should minimize benefits that the maximum income earners receive from society,
• Allowing others to become better-off
• B)that government should maximize benefits that the minimum income earners receive from society,
• Making them as well-off as possible (True Answer
• )Correct
• C)that the least well-off people in society should be made as well-off as anyone else in society
• D)that the most well-off people in society should have a maximum level of wealth

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Definitions:

Basic Needs

Fundamental requirements that serve as the foundation for survival, including food, water, shelter, and clothing.

Medicaid

A government healthcare program in the United States that provides health coverage to eligible low-income adults, children, pregnant women, elderly adults, and people with disabilities.

Social Insurance Program

A government-sponsored program that provides financial assistance to individuals in the form of retirement benefits, disability income, and other social security benefits.