An Additive Social Welfare Function Would

question 12

Multiple Choice

An additive social welfare function would

• A) add the incomes of the lowest ten percent of income earners.
• B) subtract out the utility functions of all people who are unemployed.
• C) sum all individual utilities.
• D) maximize the utility of the person with the minimum utility.

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Definitions:

Successors

Individuals designated or qualified to take over a role, position, or title in the event of vacancy or retirement.

Working Generation

The group of individuals currently active in the workforce, contributing their labor and skills to the economy.

John Holland's Model

A theory that matches individuals' preferences in work environments to six personality types, aiding in career choice and satisfaction.

Social People

Individuals who exhibit a high degree of sociability, enjoying being with others and participating in social activities.