The Type of Moral Equality Espoused by John Rawls Is

question 3

Multiple Choice

The type of moral equality espoused by John Rawls is:

• A) freedom to do what one wishes.
• B) social and material equality.
• C) freedom from government regulation.
• D) equality of opportunity.

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Definitions:

Marginal Rate

The rate at which one quantity changes relative to a change in another quantity.

Substitution

The economic principle where consumers replace pricier items with less expensive alternatives when prices rise or their purchasing power decreases.

Indifference Curve

This is a graph representing different bundles of goods between which a consumer is indifferent, meaning that each combination offers the same level of utility to the consumer.

Indifference Curves

Graphical representations in microeconomics showing different bundles of goods between which a consumer is indifferent.