Who Is More Likely to Be Sympathetic with the Idea

question 47

Multiple Choice

Who is more likely to be sympathetic with the idea of reducing the disparities of income in society?

• A)Utilitarians
• B)Libertarians
• C)Robert Nozick
• D)Milton Friedman

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Definitions:

Defined Contribution Pension Plan

A retirement savings plan where an employer, employee, or both make contributions on a regular basis, with future benefits fluctuating based on investment performance.

Pension Expense

The cost incurred by an employer in a given period to fund or fulfill its commitment for employee pensions.

Pension Expense

The total cost to a company for the retirement benefits earned by employees in a given period.

Deferred Compensation

A portion of an employee's income that is deferred to a later date, typically to take advantage of lower tax rates or to fund retirement plans.