Assume the Nozick Rules Are Being Followed in the Economy

question 108

Multiple Choice

Assume the Nozick rules are being followed in the economy so that the distribution of income is fair.What must be true for this to create an efficient allocation of resources?

• A) All people are earning equal incomes.
• B) There are no public goods, monopolies, high transactions costs, or external costs and benefits.
• C) The costs of administering redistribution equals the benefits the poor receive.
• D) The government must redistribute income in a fashion that minimizes the "big tradeoff."
• E) The government must allocate resources using a command mechanism.

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Definitions:

Second Shift

The domestic labour performed by employed women at home after finishing their paid workdays.

Persistent Gender

Enduring gender roles and stereotypes that resist change and continue to shape societal expectations and interactions.

Hochschild

Relates to Arlie Hochschild, an American sociologist recognized for her research on emotions, gender roles, and the economic impacts of caregiving.

Queer Theory

An interdisciplinary approach that seeks to challenge and deconstruct traditional notions of sexuality and gender, focusing on the fluidity and socially constructed nature of these concepts.