Scenario 20-1 Suppose That a Society Is Made Up of Five Families

question 245

Multiple Choice

Scenario 20-1
Suppose that a society is made up of five families whose incomes are as follows:
$120,000;$90,000;$30,000;$30,000;and $18,000.
The federal government is considering two potential income tax plans:
Plan A is a negative income tax plan where the taxes owed equal 1/3 of income minus $20,000.
Plan B is a two-tiered plan where the poverty line is $35,000;families earning over $35,000 pay 10% of their income in taxes,and families earning less than $35,000 pay no income tax.
-Raising total utility is the prime objective of which political philosophy?

• A) Utilitarianism.
• B) Liberalism.
• C) Libertarianism.
• D) None of the above is correct.

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Definitions:

Chaetae

Bristle-like structures made of chitin found on the bodies of annelid worms, such as earthworms, contributing to their locomotion.

Oligochaetes

A group of segmented worms, including earthworms, characterized by having a relatively small number of chaetae (bristles) compared to other polychaetes.

Proglottid

A segment of a tapeworm, containing both male and female reproductive organs, which can produce eggs and eventually detach from the main body.

Fertilized Eggs

Eggs that have been inseminated by sperm, initiating embryonic development that can lead to the birth of an offspring.