If Society Chose to Maximize Average Utility Rather Than Minimum

question 281

Multiple Choice

If society chose to maximize average utility rather than minimum utility,

• A) society would achieve perfect income equality.
• B) society would achieve the maximin objective.
• C) its justice would be more utilitarian than Rawlsian.
• D) its justice would be more Rawlsian than utilitarian.

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Definitions:

Balance Sheet

A financial statement that displays a company’s financial position at a certain date, listing assets, liabilities, and shareholder equity.

Exchange Rates

The price of one nation's currency expressed in the currency of another nation, used to convert from one currency to another for trade and finance.

Cash

This term refers to money in the form of currency that is used to conduct transactions, make purchases, or settle debts.

Journal Entries

Accounting records that document all the financial transactions of a business, showing the debits and credits for each transaction.