"An Extra Dollar of Income Gives More Additional Satisfaction to a Poor

question 215

Multiple Choice

"An extra dollar of income gives more additional satisfaction to a poor person than to a rich person." This is an important assumption of which political philosophy?

• A)utilitarianism
• B)liberalism
• C)libertarianism
• D)All of the above are correct.

---

Definitions:

Retailing

The process through which companies sell products and services to consumers for their personal or family use.

Full-Service

Pertaining to businesses or services that offer a comprehensive range of solutions or amenities to their customers, leaving no need unaddressed.

Limited-Service

Refers to businesses or offerings that provide a selective range of services as opposed to comprehensive, full-service options.

Merchant Wholesalers

Businesses that buy goods in large quantities from producers, store them, and then resell them to retailers or other businesses.