Nozick Rejects the Notion of Distribution of Society's Benefits Based

question 6

Multiple Choice

Nozick rejects the notion of distribution of society's benefits based on equality or desert. He maintains that if we rightfully possess any goods (i.e., we obtained them legitimately) , then we own them; they are not ours because we are entitled to equal shares of them or because we deserve them.
-Nozick says that the minimal state is

• A) just.
• B) unjust.
• C) unstable.
• D) harmful.

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Definitions:

Raw Material Purchases

The cost associated with acquiring raw materials needed for production.

Credit Sales

Credit sales are transactions where the customer purchases goods or services on account, paying at a future date rather than at the time of purchase.

Finished Goods Inventory

The stock of completed products ready for sale but not yet sold at the end of an accounting period.

Required Production

The quantity of goods a company needs to produce in a specific period to meet its sales goals and inventory requirements.