There Are 100 People in Society and They Have to Decide

question 23

Essay

There are 100 people in society and they have to decide on an income distribution from behind the veil of ignorance.Use the maximin principle to decide which of the following income distributions would be selected by a Rawlsian liberal.Explain your answer.In state A, eight people earn $10m, 92 people earn $5m
In state B, 40 people earn $10m and 59 people earn $7m and 1 person earns $1m.

Understand the concept and calculation of the capital allocation line and its slope.

Evaluate the impact of diversification on portfolio standard deviation.

Determine the comparative benefit of portfolio diversification across different numbers of stocks.

Understand the process and requirements for authorizing financial statements for issue.

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Definitions:

Enforced

refers to the act of compelling compliance or obedience to a law, rule, or obligation.

Minor

A minor is an individual who is under the legal age of majority, usually considered to be below 18 years old, and is, therefore, legally restricted in certain rights and responsibilities.

Fraud

An intentional deception made for personal gain or to damage another individual.

Indian Act

A Canadian federal law enacted to regulate and administer the affairs and day-to-day lives of First Nations, including governance and land management.