According to the Principle of Egalitarianism

question 45

Multiple Choice

According to the principle of egalitarianism

• A) Society should place equal weight on the well-being of every individual
• B) Society should place all weight on the well-being of its worst-off member
• C) Society should place all weight on the well-being of its best-off member
• D) Equal division of society's resources among all members of the population is the most equitable outcome

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Definitions:

Surplus

A situation in which the quantity of goods or services supplied exceeds the quantity demanded at the current price.

Tax Revenue

The money that is amassed by governments as a result of taxation.

State Income Tax

A tax imposed by a state on the income of its residents and on income earned within the state by nonresidents.

Sales Taxes

Taxes imposed on sales of goods and services, typically calculated as a percentage of the selling price.