According to the "Big Tradeoff

question 4

Multiple Choice

According to the "big tradeoff,"

• A)income transfers reduce efficiency.
• B)efficiency requires income transfers.
• C)a more equally shared pie results in a larger pie.
• D)property rights and voluntary exchange insure equality of opportunity.
• E)income transfers should make the poorest person as well off as possible.

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Definitions:

Inductive Reasoning

Type of logical reasoning that moves from particular observations about members of a class to a general conclusion about that class.

Emotions

Subjective reactions to experience that are associated with physiological and behavioral changes.

Health

The state of complete physical, mental, and social well-being, not merely the absence of disease or infirmity.

Positive Emotions

Feelings that are generally considered to be pleasant and desirable, such as happiness, joy, excitement, and love.