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"Responsibility" with Respect to Instruments Includes

question 4

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"Responsibility" with respect to instruments includes:


Definitions:

Welfare Programs

Government initiatives designed to provide financial aid and essential services to individuals and families in need, aiming to improve social well-being.

Marginal Utility

The additional satisfaction or utility gained from consuming one more unit of a good or service.

Utilitarianism

An ethical theory proposing that the best action is the one that maximizes happiness for the greatest number of people.

Veil Of Ignorance

A principle that one should design society's rules as if they do not know their own socioeconomic position, to ensure fairness.

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