Although Inequalities of Talent and Abilities Exist, Rawls Would Argue

question 4

Multiple Choice

Although inequalities of talent and abilities exist, Rawls would argue, a moral society is one in which:

• A) Rewards are monopolized by the talented few.
• B) The few share their wealth with less fortunate.
• C) Charity fills the gaps.
• D) It is acknowledged that "the poor will always be with us."

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Definitions:

Coupon Bonds

Bonds that pay periodic interest payments to the holder based on a fixed interest rate (the coupon rate) until maturity, at which point the principal is repaid.

Effective Annual Rate

The interest rate on an investment or loan that is compounded annually, indicating the actual annual return taking into effect compounding over the year.

Real Return

The yield on an investment once inflation adjustments have been made.

Nominal Return

The amount of profit or loss on an investment before adjusting for factors like inflation, representing the raw financial outcome.