Norms of Compensatory Justice Require That Fair Criteria Be Used

question 11

True/False

Norms of compensatory justice require that fair criteria be used to assign benefits and burdens.

---

Definitions:

Streetlights

Streetlights are outdoor lighting fixtures placed along streets, designed to enhance visibility and safety during nighttime.

Market Failure

A situation in which the allocation of goods and services by a market is not efficient, often leading to a net social welfare loss.

Marginal Benefit

The increased happiness or advantage derived from the consumption of one more unit of a good or service.

Marginal Cost

The cost of producing one more unit of a good or service, often key to determining the optimal level of production.