A Society Consists of Three Individuals: Arthur,Billie,and Chris

question 14

Multiple Choice

A society consists of three individuals: Arthur,Billie,and Chris.In terms of income and utility,Arthur is currently best-off,Billie ranks in the middle,and Chris is worst-off.Which of the following statements is correct?

• A) Utilitarianism suggests that government policies should strive to maximize Billie's utility.
• B) Liberalism suggests that government policies should strive to increase Chris's utility.
• C) Libertarianism suggests that government policies should strive to maximize Arthur's utility.
• D) Mobilism suggests that government policies should strive to make Chris better off than Billie.

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Definitions:

Principal

In finance, refers to the original sum of money borrowed in a loan, or put into an investment, not including the interest. In a second context, it can refer to the primary party involved in a transaction or the main individual in a business.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.

Power of Attorney

A legal document granting one person (the agent) the power to act on behalf of another (the principal), especially in legal or financial matters.

Legal Documents

Written materials that are officially recognized and enforce certain rights or obligations.