"The Government Should Choose Policies Deemed to Be Just,as Evaluated

question 118

Multiple Choice

"The government should choose policies deemed to be just,as evaluated by an impartial observer behind a 'veil of ignorance.'" This statement is most closely associated with which political philosophy?

• A) Liberalism.
• B) Utilitarianism.
• C) Libertarianism.
• D) Welfarism.

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Definitions:

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment's cost.

Normally Distributed Returns

A pattern in the investment world where the returns of a financial instrument are symmetrically distributed around the mean.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion in a set of data points.

Risk-free Asset

An investment that is assumed to have no risk of financial loss, typically represented by government bonds.