Which Philosopher Is Associated with the Rights Theory

question 158

Multiple Choice

Which philosopher is associated with the Rights Theory?

• A) John Rawls
• B) Robert Nozick
• C) Adam Smith
• D) Ayn Rand

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Definitions:

Socially Optimal

A condition or outcome that is most efficient and beneficial for society as a whole, often considered in economic policies and strategies.

Tobacco Industry

A sector comprising companies that grow, manufacture, and sell tobacco products.

Equilibrium Price

The market price at which the quantity of goods supplied equals the quantity of goods demanded, leading to market stability.

Positive Externality

A benefit enjoyed by a third-party as a result of an economic transaction they are not directly involved in.