Which of the Following Programs to Alleviate Poverty Would Be

question 80

Multiple Choice

Which of the following programs to alleviate poverty would be most favored by philosopher Robert Nozick and why?

• A)A negative income tax because it would maximize the minimum income of members of society.
• B)An Earned Income Tax Credit (EITC) because a policy that rewards the working poor would be the most just.
• C)An in-kind transfer program because it would maximize the total utility of all members of society.
• D)None of the programs would be favored because each of them forcibly redistributes income that was fairly, if not equally, earned.

---

Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a period, often expressed as an annual rate.

Note Payable

A written promise to pay a specified sum of money to a designated party by a certain date, often used in business financing.

Journal Entries

Recorded transactions in the financial books of a business that detail the financial activities and their impact on the accounts.

Office Supplies

Items and materials used in offices for routine tasks and operations, such as paper, pens, staplers, and ink cartridges.